South Korea Hot-Rolled Steel: Final Results of CVD Admin Review
The Commerce Department has published the final results of the countervailing duty administrative review on hot-rolled steel flat products from South Korea (C-580-884). These final results, unchanged from the preliminary results, will be used to set final assessments of CVD on importers for entries in calendar year 2022.
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New Cash Deposit Rates Take Effect Aug. 14
New CVD cash deposit rates for the producers and exporters subject to this review take effect Aug. 14, the date they were published in the Federal Register. The new rates, which also will apply for importer assessment purposes, are as follows:
| Exporter | CVD Rate |
|---|---|
| Hyundai Steel Company and cross-owned affiliate Hyundai Green Power | 2.21% |
| POSCO and cross-owned affiliates POSCO Holdings, POSCO International Corporation, POSCO Chemical, POSCO M-Tech, Pohang Scrap Recycling Distribution Center Co. Ltd.; POSCO Nippon Steel RHF Joint Venture Co., Ltd.; and POSCO Mobility Solutions | 1.47% |
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 2411180019 for a summary of the preliminary results of this review.)