Commerce to Require CV Duty Cash Deposits on Hot-Rolled Steel From Brazil, Not South Korea or Turkey
The Commerce Department will require cash deposits of estimated countervailing duties on hot rolled steel flat products from Brazil, but will not at this time set CV duty cash deposit requirements for hot-rolled steel from South Korea or Turkey, it said in an Jan. 11 fact sheet announcing its preliminary CV duty determinations (here). Commerce set CV duty cash deposit rates for Brazilian exporters at 7.24%. Cash deposit requirements will take effect either on the date the preliminary determination is published in the Federal Register, or 90 days prior, depending on the exporter, due to Commerce's preliminary determination of critical circumstances (see 1512080027).
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Commerce's antidumping duty preliminary determinations are due in March, at which time Commerce may suspend liquidation and require AD duty cash deposits. The agency's final decisions on CV duties are due in May. ITT will provide more details on Commerce's preliminary CV duty determinations once they are published in the Federal Register.