South Korea Carbon Steel CTL Plate: Final Results of CV Admin Review
The Commerce Department issued the final results of its countervailing duty administrative review on cut-to-length carbon-quality steel plate from South Korea (C-580-837). The agency calculated new CV duty cash deposit rates of zero percent for two South Korean companies, a change from the preliminary results that had one of the companies above de minimis. These final results will be used to set final assessments of CV duties on importers for entries in calendar year 2020.
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Additionally, Commerce upheld its preliminary determination that BDP International and Sung Jin Steel Co., Ltd. had no shipments of subject merchandise for the review period, and thus rescinded the administrative review of these companies.
New Cash Deposit Rates Take Effect Sept. 1
New CV duty cash deposit rates for the producers and exporters still subject to his review take effect Sept. 1, the date these final results were published in the Federal Register. The new rates, which will also apply for importer assessment purposes, are as follows:
| Producer/Exporter | CV Rate |
|---|---|
| Dongkuk Steel Mill Co., Ltd. | zero |
| Hyundai Steel Co. | zero |
For exporters of subject merchandise that weren't under review (i.e., all except the two companies listed above), 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 CV 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, currently 3.26%, applies.
(The review period is 01/01/20 - 12/31/20. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2203010050 for a summary of the preliminary results of this administrative review.)