Korea Large Power Transformers: Prelim AD Rates Announced
On February 10, 2012, the International Trade Administration announced its affirmative preliminary determination in the antidumping duty investigation of imports of large power transformers from Korea. According to the ITA's fact sheet, the mandatory respondents Hyosung Corporation and Hyundai Heavy…
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Industries Co., Ltd. received preliminary dumping margins of 38.07% and 21.79%, respectively. All other Korean producers/exporters received a preliminary dumping margin of 29.93%. As a result of the preliminary determination, the ITA will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on these preliminary rates.