South Korea OCTG: Commerce Finds Dumping, AD Rates Take Effect
The Commerce Department issued its final antidumping duty determination on oil country tubular goods from South Korea (A-580-870). In a change from its negative preliminary determination, Commerce found underselling of subject merchandise by South Korean exporters. As such, the agency will direct CBP to suspend liquidation and collect cash deposits of estimated AD duties for entries on or after July 18.
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CV Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for all entries of subject merchandise from South Korea that are entered, or withdrawn from warehouse, for consumption on or after July 18, and require AD duty cash deposits at the rates listed below. If the International Trade Commission does not find injury to U.S. industry in its final determination, AD cash deposits or bonds will be refunded or canceled.
| Producer/Exporter | AD Rate |
|---|---|
| Hyundai HYSCO | 15.75% |
| NEXTEEL Co. Ltd. | 9.89% |
| All Others | 12.82% |
(The period of investigation is 07/01/12 -- 06/30/13. See Commerce's notice for more information, including the scope of the order (unchanged since the preliminary determination), detailed instructions on cash deposit and assessment rates, etc. See 14022425 for summary of the preliminary negative determination in this investigation.)
AD/CVD Operations contact -- Victoria Cho (202) 482-5075
(Federal Register 07/18/14)