South Korea Cold-Rolled Steel: Final Results of CVD Admin Review
The Commerce Department has published the final results of its countervailing duty administrative review on cold-rolled steel flat products from South Korea (C-580-882). These final results -- only the rate for POSCO affiliates changed, from 1.48% in the preliminary results -- will be used to set final assessments of CVD on importers for subject merchandise entered Jan. 1, 2022, through Dec. 31, 2022.
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New Cash Deposit Rates Take Effect May 16
New CV duty cash deposit rates for the producers and exporters subject to his review take effect May 16, the date these final results were published in the Federal Register. The new rates are as follows:
| Producer/Exporter | CVD Rate |
|---|---|
| POSCO/POSCO International Corporation/POSCO Chemical Co., Ltd./POSCO M-Tech/Pohang Scrap Recycling Distribution Center Co., Ltd./POSCO Nippon Steel RHF Joint Venture Co., Ltd./POSCO Holdings/and POSCO Mobility Solution | 1.47% |
| Hyundai Steel Company/Hyundai Green Power Co., Ltd./Hyundai ITC Co., Ltd. | 2.21% |
| KG Dongbu Steel Co., Ltd. | 1.73% |
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 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 2410110016 for a summary of the preliminary results of this administrative review.)