South Korea Cold-Rolled Steel: Prelim Results of CV Admin Review
The Commerce Department issued the preliminary results of a countervailing duty administrative review of cold-rolled steel flat products from South Korea (C-580-882). In the final results of this review, Commerce will set assessment rates for importers of subject merchandise from 47 exporters under review that was entered Jan. 1, 2020, through Dec. 31, 2020.
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This review covers only the 47 exporters for which an administrative review was requested. Cash deposit rates for all other exporters will not change. Commerce has ordered liquidation “as entered” for entries during the period of review from all exporters for which a review was not requested (ADCVDWeb Message # 1347423).
Cash Deposit Requirements
For companies that remain subject to review, new CV duty cash deposit requirements may take effect beginning on the date of publication of the final results in the Federal Register, currently scheduled for February. Commerce preliminarily calculated the following CV duty cash deposit rates:
| Producer/Exporter | CV Rate (prelim) |
|---|---|
| Hyundai Steel Co., Ltd., also referred to as Hyundai Steel Company | zero |
| POSCO | zero |
| Dongbu Steel Co., Ltd.* | 9.18% |
| Dongbu Incheon Steel Co., Ltd.* | 9.18% |
| Review average rate | 1.93% |
* Dongbu Steel Co., Ltd. and Dongbu Incheon Steel Co., Ltd. are non-selected respondents to which Commerce said it found appropriate to apply a calculated CVD rate from the prior administrative review.
Average rate. Commerce assigned 43 of 45 companies under review but not individually examined the weighted average of the most recently calculated countervailable subsidy rates that are not zero or de minimis rates. These companies are as follows: AJU Steel Co., Ltd.; Amerisource Korea; Amerisource International; BC Trade; Busung Steel Co., Ltd.; Cenit Co., Ltd.; Daewoo Logistics Corp.; Dai Yang Metal Co., Ltd.; DK GNS Co., Ltd; KG Dongbu Steel Co., Ltd. (formerly Dongbu Steel Co., Ltd.); Dong Jin Machinery; Dongkuk Industries Co., Ltd.; Dongkuk Steel Mill Co., Ltd.; Eunsan Shipping and Air Cargo Co., Ltd.; Euro Line Global Co., Ltd.; Golden State Corp.; GS Global Corp.; Hanawell Co., Ltd.; Hankum Co., Ltd.; Hyosung TNC Corp.; Hyuk San Profile Co., Ltd.; Hyundai Group; Iljin NTS Co., Ltd.; Iljin Steel Corp.; Jeen Pung Industrial Co., Ltd.; JT Solution; Kolon Global Corporation; Nauri Logistics Co., Ltd.; Okaya (Korea) Co., Ltd.; PL Special Steel Co., Ltd.; POSCO C&C Co., Ltd.; POSCO Daewoo Corp.; POSCO International Corporation; Samsung C&T Corp.; Samsung STS Co., Ltd.; SeAH Steel Corp.; SM Automotive Ltd.; SK Networks Co., Ltd.; Taihan Electric Wire Co., Ltd.; TGS Pipe Co., Ltd.; TI Automotive Ltd.; Xeno Energy; and Young Steel Co., Ltd.
(The period of review is 01/01/20-12/31/20. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)