Commerce to Require CV Duty Cash Deposits on NOES From China and Taiwan; Not South Korea

The Commerce Department will require cash deposits of estimated countervailing duties on non-oriented electrical steel from Taiwan and China, but will not require cash deposits on NOES from South Korea, it said in a March 19 fact sheet announcing its preliminary CV duty determinations. For Taiwan, Commerce set CV duty cash deposit rates ranging from zero to 12.41%, depending on the exporter, beginning on the date Commerce publishes its affirmative preliminary determination. China Steel Corporation and several related Taiwanese companies received the zero rate, and won't be subject to CV duty cash deposit requirements. For China, CV duties at 125.83% will be retroactive back to 90 days before the publication date of Commerce's preliminary determination, because of the agency's finding of critical circumstances. But Commerce's negative preliminary determination for South Korea means imports from that country will avoid cash deposit requirements for the time being.