South Korea Hot-Rolled Steel: Amended Final Results of CVD Admin Review
The Commerce Department is amending the final results of a countervailing duty administrative review on certain hot-rolled steel flat products from South Korea (C-580-884) to correct a duty calculation for Hyundai Steel Company. In the final results of that review, covering calendar year 2017, Commerce assigned to Hyundai Steel Company, the mandatory respondent, a CV duty cash deposit rate of 0.51%.
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The amendment corrects the dumping margin to 0.46%, or de minimis, for Hyundai Steel, aligning Commerce's results with those determined in a court case over Commerce's final results in that review, but will not affect the current cash deposit rate -- 0.56% is the rate for Hyundai Steel -- assigned in the most recent final results of the CVD administrative review of subject goods (see 2205090029).
Since there have been final results published in a subsequent administrative review, Commerce said it will not issue revised cash deposit instructions to CBP. The amended results are effective Sept. 29.
The notice also said that Commerce remains, at this time, enjoined by court order from liquidating entries "of HRS from Korea that were produced and/or exported by Hyundai Steel Co., Ltd., (a/k/a Hyundai Steel Company), that were the subject of Commerce’s Final Results that were entered, or withdrawn from warehouse, for consumption, during the period January 1, 2017, through December 31, 2017. These entries will remain enjoined pursuant to the terms of the injunction during the pendency of any appeals process."
(The review period is 01/01/17 - 12/31/17. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2010080021 for a summary of the original final results of this administrative review.)