South Korea Steel CTL Plate: Final Results of AD Admin Review
The Commerce Department has published the final results of the antidumping duty administrative review on carbon and alloy steel cut-to-length plate from South Korea (A-580-887). Commerce continued its preliminary results, finding that POSCO didn't make sales of subject merchandise at less than fair value, and kept in the final results the zero percent AD rate it had preliminarily assigned to the POSCO single entity, which includes its affiliated companies -- POSCO International Corporation, POSCO MS, and certain distributors and service centers (i.e., Taechang Steel Co., Ltd. and Winsteel Co., Ltd.) -- the only company under review.
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Importers of subject merchandise from POSCO entered between May 1, 2022, through April 30, 2023, won't be assessed AD, effective Feb. 21, the date that the final results are to be published in the Federal Register.
Cash deposit rates for all other exporters will not change. If the exporter has never been assigned its own AD 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 7.1% applies.
(The review period is 05/01/22 - 04/30/23. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2406050058 for a summary of the preliminary results of this administrative review.)