South Korea Carbon and Alloy Steel Plate: Final Results of CVD Admin Review
The Commerce Department has published the final results of its countervailing duty administrative review on carbon and alloy steel cut-to-length plate from South Korea (C-580-888). The agency set a 1.47% CVD cash deposit rate for the only company under review, POSCO and its affiliates. Rates set in this review will be used to set importer assessment for subject merchandise entered Jan. 1, 2022, through Dec. 31, 2022.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
New Cash Deposit Rates Take Effect Dec. 10
New CV duty cash deposit rates for the producers and exporters subject to his review take effect Dec. 10, the date these final results were published in the Federal Register. The new rates, which will also apply for importer assessment purposes, are as follows:
| Producer/Exporter | CVD Rate |
|---|---|
| POSCO/POSCO SPS Co., Ltd./Pohang Scrap Recycling Distribution Center Co., Ltd./POSCO Chemical Co., Ltd.POSCO M-Tech Co., Ltd./POSCO Nippon Steel RHF Joint Venture Co., Ltd./POSCO Terminal Co., Ltd. | 1.47% |
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 CV 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 3.72% 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 2405310055 for a summary of the preliminary results of this administrative review.)