South Korea OCTG: Final Results of CVD Admin Review
The Commerce Department has published the final results of the countervailing duty administrative review on certain oil country tubular goods (OCTG) from South Korea (C-580-913). These final results will be used to set final assessments of CVD on importers for subject merchandise entered .Sept. 29, 2022, through Dec. 31, 2022.
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Commerce said it made no changes to the preliminary results, based on receiving no comments after the preliminary results were published.
New Cash Deposit Rates Take Effect Feb. 21
For entries on or after Feb. 21, the date these results are to be published in the Federal Register, Commerce is setting new CVD cash deposit rates for the one company and its affiliates subject to this review, as follows:
| Producer/Exporter | CVD Rate |
|---|---|
| SeAH Steel Corporation; SeAH Steel Holding Corporation | zero |
Because the CVD rate for SeAH and its affiliate are de minimis (i.e., zero percent), Commerce will not collect a cash deposit, and said it intends to instruct CBP to liquidate the appropriate entries without regard to CVD.
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 applies.
(The review period is 09/29/22 - 12/31/22. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc.)