South Korea Hot-Rolled Steel: Final Results of AD Admin Review
The Commerce Department has released the final results of the antidumping duty administrative review on hot-rolled steel flat products from South Korea (A-580-883). These final results will be used to set final assessments of AD on importers of subject merchandise entered Oct. 1, 2022, through Sept. 30, 2023.
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New Cash Deposit Rates Take Effect April 2
For entries on or after April 2, the scheduled publication date of these final results in the Federal Register, Commerce is setting new AD cash deposit rates for subject merchandise produced or exported by two companies, as follows:
| Producer/Exporter | AD Rate |
|---|---|
| Hyundai Steel Company | 0.89% |
| POSCO/POSCO International Corporation | 2.27% |
For exporters of subject merchandise that were not under review (i.e., all except Hyundai and POSCO), cash deposit rates remain at the level set in the most recent review of each respective company. 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, currently 6.05%, applies.
Assessment Rates
Commerce is using the rates it calculated in these final results to calculate assessments of AD on importers of subject merchandise for entries between Oct. 1, 2022, and Sept. 30, 2023. Importers of subject merchandise from Hyundai and POSCO during that period will be assessed AD at importer-specific rates.
(The review period is 10/01/22 - 09/30/23. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2411180019 for a summary of the preliminary results of this administrative review.)