South Korea Nails: Final Results of AD Admin Review
The Commerce Department has published the final results of the antidumping duty administrative review on steel nails from South Korea (A-580-874). These final results will be used to set final assessments of AD on importers of subject merchandise entered July 1, 2022, through June 30, 2023.
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Commerce said that based on comments made following publication of the preliminary results of this review, it made certain changes to the margin calculations for mandatory respondents Korea Wire Co., Ltd. and Nailtech Co., Ltd. The rate for Korea Wire remained at zero percent, and the Nailtech rate moved down slightly from 2.43%.
New Cash Deposit Rates Effective May 14
For entries on or after May 14, the date these final results were published in the Federal Register, Commerce is setting new AD cash deposit rates for subject merchandise produced or exported by seven companies, as follows:
| Exporter | AD Rate |
|---|---|
| Korea Wire Co., Ltd. | zero |
| Nailtech Co., Ltd. | 2.34% |
| Non-individually examined companies (5 companies) | 2.34% |
* For a list of the five companies not individually examined in this review, see Appendix II of the notice.
For exporters of subject merchandise that were not under review (i.e., all except the companies listed above), 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 of 11.8% applies.
Assessment Rates
Commerce is using the rates it calculated in these final results to calculate assessments of AD duties on importers of subject merchandise for entries between July 1, 2022, and June 30, 2023. Commerce will assess AD at importer-specific rates for entries from Nailtech, and instruct CBP to liquidate entries from Korea Wire without regard to AD. Rates will be assessed the non-individually examined companies as listed above.
(The review period is 07/01/22 - 06/30/23. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2408090022 for a summary of the preliminary results of this administrative review.)