South Korea OCTG: Final Results of AD Admin Review
The Commerce Department has published the final results of the antidumping duty administrative review on certain oil country tubular goods (OCTG) from South Korea (A-580-870). These final results will be used to set final assessments of AD duties on importers for subject merchandise from six companies under review entered September 2022 through August 2023.
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For exporters of subject merchandise that were not under review (i.e., all except NEXTEEL, SeAH Steel and the four other companies under review), 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 5.24% applies.
Commerce said it made an alteration to the calculation for the rate for SeAH Steel (reducing the preliminary AD rate from 0.53% to zero percent), but otherwise the margins it calculated in the preliminary results are unchanged, based on comments received after the preliminary results were published.
New Cash Deposit Rates Take Effect May 30
For entries on or after May 30, the date of publication of these results in the Federal Register, Commerce is setting new AD duty cash deposit rates for six companies, as follows:
| Exporter | AD Rate |
|---|---|
| NEXTEEL Co., Ltd. | zero |
| SeAH Steel Corporation | zero |
| AJU Besteel Co., Ltd. | zero |
| Hyundai Steel Company | zero |
| Husteel Co., Ltd. | zero |
| ILJIN Steel Corporation | zero |
Average Rate. Commerce didn't individually investigate four companies subject to this review, and instead continued its preliminary assignment of an average of rates assigned the two individually investigated companies, NEXTEEL and SeAH. But that average is now zero percent in the final results. Those companies are: AJU Besteel Co., Ltd.; Husteel Co., Ltd.; Hyundai Steel Company; and ILJIN Steel Corporation.
Assessment Rates for Entries September 2022 - August 2023
Commerce is using the rates it calculated in these final results to calculate assessments of AD duties on importers of subject merchandise for entries Sept. 1, 2022, through Aug. 31, 2023. For entries from NEXTEEL and SeAH Steel, Commerce will liquidate entries during that period without AD. For the four non-individually examined companies, Commerce will assess AD duties at the rate listed above, i.e., without AD.
(The review period is 09/01/22 - 08/31/23. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2410100058 for a summary of the preliminary results of this administrative review.)