South Korea Hot-Rolled Steel: Prelim Results of AD/CVD Admin Reviews
The Commerce Department has published the preliminary results of its antidumping and countervailing duty administrative reviews on certain hot-rolled steel flat products from South Korea (A-580-883/C-580-884). In the final results of this review, Commerce will set AD assessment rates for subject merchandise for the companies under review entered Oct. 1, 2022, through Sept. 30, 2023, and CVD assessment rates for entries Jan. 1, 2022, through Dec. 31, 2022.
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Only the exporters for which an administrative review was requested are covered by these reviews. Cash deposit rates for all other exporters will not change. Commerce has ordered liquidation “as entered” for entries during the period of review from all exporters for which a review was not requested (ADCVDWeb Message #s 4011418, 4017407).
Commerce is also ending its antidumping duty review for 46 companies that had no reviewable entries during the review period. They are listed in Appendix II of the AD notice. In the countervailing duty review, Commerce is ending the review of 13 companies that had no reviewable entries during the review period. They are listed in Appendix II of the CVD notice.
AD Cash Deposit Requirements
New AD cash deposit requirements may take effect beginning on the date of publication of the AD final results in the Federal Register. Commerce preliminarily calculated the following AD cash deposit rates:
| Producer/Exporter | AD Rate (Prelim) |
|---|---|
| Hyundai Steel Company | 0.89% |
| POSCO/POSCO International Corporation | 2.1% |
CVD Cash Deposit Requirements
New CVD cash deposit requirements may take effect beginning on the date of publication of the CVD final results in the Federal Register. Commerce preliminarily calculated the following CVD cash deposit rates:
| Producer/Exporter | CV Rate (Prelim) |
|---|---|
| POSCO/POSCO International Corporation/POSCO Chemical Co., Ltd./POSCO M-Tech/Pohang Scrap Recycling Distribution Center Co., Ltd./POSCO Nippon Steel RHF Joint Venture Co., Ltd./POSCO Holdings/and POSCO Mobility Solutions | 1.47% |
| Hyundai Steel Company/Hyundai Green Power Co., Ltd. | 2.21% |
Assessment Rates
If these preliminary results are confirmed in the final results, importers of subject merchandise exported by Hyundai Steel and the POSCO companies during the period Oct. 1, 2022, through Sept. 30, 2023, will be assessed AD at importer-specific rates. Commerce also will set CVD assessments for importers of subject merchandise entered in calendar year 2022.
(The AD duty period of review is 10/01/22 - 09/30/23, and the CV duty period of review is 01/01/22 - 12/31/22. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)