South Korea Large Diameter Welded Pipe: Final Results of CVD Admin Review
The Commerce Department has released the final results of its countervailing duty administrative review on large diameter welded pipe from South Korea (C-580-898). These final results will be used to set final assessments of CVD on importers for subject merchandise entered during calendar year 2022.
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Commerce said it made slight changes to the calculation used in the preliminary results, resulting in a slightly lower rate for Hyundai RB Co., Ltd. and its affiliate Sinchang Construction Co., Ltd., which also brought the review average rate for six unexamined companies down slightly.
New Cash Deposit Rates Take Effect Nov. 7
New CV duty cash deposit rates for the producers and exporters subject to his review take effect Nov. 7, the date these final results are to be published in the Federal Register. The new rates, which also will apply for importer assessment purposes, are as follows:
| Producer/Exporter | CV Rate (Prelim) |
|---|---|
| Hyundai RB Co., Ltd.; and its cross-owned affiliate Shinchang Construction Co., Ltd. | 0.71% |
| SeAH Steel Corporation; and its cross-owned affiliate SeAH Holdings Corporation | 0.54% |
| Review average rate (applies to 6 companies*) | 0.56% |
*The companies not selected for individual review are: Chang Won Bending Co., Ltd.; Dong Yang Steel Pipe Co., Ltd.; EEW Korea Co., Ltd.; HiSteel Co., Ltd.; Husteel Co., Ltd.; and Kumsoo Connecting Co., Ltd.
Companies that didn't get a rate in this review will keep their most recently assigned cash deposit rate. If the exporter has never been assigned its own CVD rate, but the manufacturer has, the rate assigned to the manufacturer applies. For merchandise manufactured and exported by companies that have never been assigned a cash deposit rate by Commerce, the all-others rate of 9.29% applies.
(The review period is 01/01/22 - 12/31/22. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2406060050 for a summary of the preliminary results of this administrative review.)