South Korea Steel Wire Rod: Final Results of AD Admin Review
The Commerce Department issued the final results of the antidumping duty administrative review on carbon and alloy steel wire rod from South Korea (A-580-891). Commerce calculated an AD rate of 7.46% for POSCO, the only company under review. Commerce will assess AD duties at importer-specific rates for subject merchandise from POSCO entered May 1, 2019, through April 30, 2020, it said. The new 7.46% AD duty cash deposit rate for POSCO is in effect Feb. 2, the date that these final results are scheduled for publication in the Federal Register.
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For exporters of subject merchandise that were not under review (i.e., all except POSCO), cash deposit rates remain at the level set in the most recent review of each respective company. If the exporter has never been assigned its own AD rate but the manufacturer has, the rate assigned to the manufacturer applies. For merchandise manufactured and exported by companies that have never been assigned a cash deposit rate by Commerce, the all-others rate of 41.1% applies.
(The review period is 05/01/19 - 04/30/20. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2108130004 for a summary of the preliminary results of this administrative review.)