South Korea Carbon Steel CTL Plate: Prelim Results of CV Admin Review
The Commerce Department issued the preliminary results of its countervailing duty administrative review on cut-to-length carbon-quality steel plate from South Korea (C-580-837). The agency preliminarily assigned a zero percent CV duty rate to Hyundai Steel Company, and a 0.56% rate to Dongkuk Steel Mill Co., Ltd. If the agency's findings are continued in the final results of these reviews, importers of subject merchandise from Hyundai Steel entered Jan. 1, 2020, through Dec. 31, 2020, will not be assessed CV duties, and importers of subject merchandise from Dongkuk Steel Mill will be assessed CV duties at a rate of 0.56%. Any changes to cash deposit rates for these two companies would take effect on the date of publication in the Federal Register of the final results of this review, due in July.
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BDP International and Sung Jin Steel Co., Ltd. were preliminarily found to have no shipments of subject merchandise for the review period. Unless evidence of shipments is found, Commerce said it intends to rescind the administrative review of these companies in the final results.
This review covers only the companies listed above. Cash deposit rates for all other exporters of subject merchandise will not change as a result of this review, and Commerce will order liquidation of entries from such companies “as entered” at the cash deposit rate in effect at the time of entry.
(The period of review is 01/01/20 - 12/31/20. See notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)