Hot-Rolled Steel: Prelim AD Cash Deposit Rates Take Effect, Retroactive for Some
The Commerce Department made preliminary affirmative antidumping duty determinations that hot-rolled steel flat products from Australia (A-602-809) (here), Brazil (A-351-845) (here), Japan (A-588-874) (here), the Netherlands (A-421-813) (here), South Korea (A-580-883) (here), Turkey (A-489-826) (here) and the United Kingdom (A-412-825) (here) are being sold in the U.S. at less than fair value. The agency will impose AD duty cash requirements on entries of subject merchandise beginning on March 22, except for some companies from Brazil and Japan that will face retroactive AD duty cash deposit requirements beginning Dec. 23, 2015.
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Commerce suspended liquidation and imposed countervailing duty cash deposit requirements on hot-rolled steel flat products from Brazil in a CV preliminary determination issued in January (see 1601140017). Hot-rolled steel flat products from South Korea and Turkey are also subject to a CV duty investigation, but Commerce found no illegal subsidization in its preliminary CV duty determination.
Critical Circumstances for Some, Cash Deposits Retroactive 90 Days
Commerce made a finding some companies in Brazil and Japan increased their exports to the U.S. in the months before the preliminary determination, in an attempt to get in as much product as possible before the imposition of cash deposit requirements. This "critical circumstances" finding by the agency allows it to retroactively suspend liquidation and require AD duty cash deposits for subject merchandise for some companies to 90 days before the preliminary determination, i.e. Dec. 23, 2015. Merchandise from all other companies is subject to AD duty suspension of liquidation beginning March 22.
AD Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for all entries of subject merchandise that are entered, or withdrawn from warehouse, on or after the dates listed in the tables below, and require cash deposits at the following rates (as adjusted for export subsidies found in Commerce's CV duty preliminary determination):
Australia.
| Exporter | AD Rate | Sus. Liq. |
|---|---|---|
| BlueScope Steel Ltd., BlueScope Steel (AIS) Pty Ltd., and BlueScope Steel Distribution Pty Ltd. | 23.25% | 03/22/16 |
| All Others | 23.25% | 03/22/16 |
Brazil.
| Company | AD Rate | Adjusted | Sus. Liq. |
|---|---|---|---|
| Companhia Siderurgica Nacional | 33.91% | 29.78% | 12/23/15 |
| Usinas Siderurgicas de Minas Gerais S.A.(Usiminas) | 34.28% | 30.46% | 12/23/15 |
| All Others | 33.91% | 29.93% | 03/22/16 |
Japan.
| Company | AD Rate | Sus. Liq. |
|---|---|---|
| Nippon Steel & Sumitomo Metal Corporation/Nippon Steel & Sumikin Bussan Corporation | 11.29% | 12/23/15 |
| JFE Steel Corporation/JFE Shoji Trade Corporation | 6.79% | 12/23/15 |
| All Others | 10.24% | 03/22/16 |
South Korea.
| Company | AD Rate | Sus. Liq. |
|---|---|---|
| Hyundai Steel Company | 3.97% | 03/22/16 |
| POSCO | 7.33% | 03/22/16 |
| All Others | 5.65% | 03/22/16 |
Netherlands.
| Company | AD Rate | Sus. Liq. |
|---|---|---|
| Tata Steel IJmuiden B.V. | 5.07% | 03/22/16 |
| All Others | 5.07% | 03/22/16 |
Turkey.
| Company | AD Rate | Sus. Liq. |
|---|---|---|
| Colakoglu Metalurji A.S./Colakoglu Dis Ticaret A.S. | 7.07% | 03/22/16 |
| Eregli Demir ve Celik Fabrikalari T.A.S./Iskenderun Demir Ve Celik | 5.24% | 03/22/16 |
| All Others | 6.82% | 03/22/16 |
United Kingdom.
| Company | AD Rate | Sus. Liq. |
|---|---|---|
| Tata Steel UK Ltd. | 49.05% | 03/22/16 |
| All Others | 49.05% | 03/22/16 |
(The period of investigation is 07/01/14 - 06/30/15. See Commerce's notice for more information, including the scope, suspension of liquidation, etc. See 1509080013 for summary of the initiation of this AD duty investigation, and 1508120013 for summary of the underlying petition.)
(Federal Register 03/22/16)