South Korea Cut-to-Length Steel 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 calculated a zero-percent "de minimis" CV duty rate for Dongkuk, and applied that rate to five other companies subject to review. If the agency's finding is continued in the final results, stainless steel bar from these companies entered between January 2012 and December 2012 will not be assessed CV duties, and future entries from these companies will not be subject to an CV cash deposit requirement until further notice.
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Rates Only Preliminary; Cash Deposit Rates From Previous Proceedings Still in Effect
These CV rates are only preliminary, and do not change current CV duty rates. Commerce may still change its calculations when it issues the final results of this administrative review. For now, the most recent final CV rate calculated for each South Korean company is still applicable. If no final CV duty rate has ever been calculated for a company, then it is subject to the all others rate. The final results of this administrative review are currently due in July.
Cash Deposit Requirements
Once Commerce issues its final results, new CV duty cash deposit requirements may take effect for some companies, beginning on the date of publication of the final results in the Federal Register.
| Exporter | CV Rate |
|---|---|
| Dongkuk Steel Mill Co., Ltd. | zero |
| Edgen Murray Corporation | zero |
| Kyoungil Col., Ltd. | zero |
| Samsung C&T Corporation | zero |
| Samwoo EMC Co., Ltd | zero |
| TCC Steel Corp. | zero |
Assessment Rates
If Commerce continues to calculate zero CV duty rates for Dongkuk, Edgen Murray, Kyoungil, Samsung, Samwoo, and TCC Steel in the final results of its administrative review, the agency will not assess CV duties on importers for entries of subject merchandise from these six companies entered between Jan. 1, 2012 and Dec. 31, 2012.
(The period of review is 01/01/12 -- 12/31/12. See notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)
AD/CVD Operations contact -- John Conniff (202) 482-1009
(Federal Register 03/25/14)