Hot-Rolled Steel: Commerce Postpones Preliminary CV Duty Determinations

The Commerce Department is extending until Jan. 8 the deadline for its preliminary determination in the countervailing duty investigations on hot-rolled steel flat products from Brazil (C-351-846), South Korea (C-580-884) and Turkey (C-489-827) (here). The agency decided to postpone because the number of subsidy programs and companies under review makes the investigations "extraordinarily complicated." The preliminary determination was originally due Nov. 4. Cash deposits of estimated CV duties can only be collected after the preliminary determination, although they can be made retroactive 90 days from the preliminary determination if Commerce finds companies are increasing exports before cash deposit requirements are imposed.