South Korea Carbon Steel Plate: Prelim Results of CVD Admin Review
The Commerce Department has published the preliminary results of its countervailing duty administrative review on cut-to-length carbon-quality steel plate from South Korea (C-580-837). Commerce will assess CVD on importers at the rates determined in the final results of this review for subject merchandise entered during the period Jan. 1, 2023, through Dec. 31, 2023.
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Commerce also said it is rescinding the review for six companies for which the request for review was withdrawn: 1) Ajin Industrial Co., Ltd.; 2) BDP International; 3) Daeik Eng Co., Ltd.; 4) Ohsung Co., Ltd.; 5) Samjin Lnd Co., Ltd.; and 6) Sung Jin Steel Co., Ltd.
Commerce has ordered liquidation “as entered” for entries during the period of review from all exporters for which a review was not requested (i.e., all exporters not listed in Commerce's notice) (ADCVDWeb Message # 4136415)
Cash Deposit Requirements
For companies that remain subject to review, new CVD cash deposit requirements may take effect beginning on the date of publication of the final results in the Federal Register, currently scheduled for October. Commerce preliminarily calculated the following CV duty cash deposit rates:
| Producer/Exporter | CV Rate (Prelim) |
|---|---|
| Dongkuk Steel Mill Co., Ltd./Dongkuk Holdings Co., Ltd. | 2.21% |
| Hyundai Steel Co., Ltd./Hyundai Green Power Co., Ltd., Hyundai IFC Co., Ltd., and Hyundai ITC Co., Ltd. | 1.31% |
(The period of review is 01/01/23 - 12/31/23. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)