South Korea Carbon and Alloy Steel Plate: Final Results of CV Admin Review
The Commerce Department issued the final results of its countervailing duty administrative review on carbon and alloy steel cut-to-length plate from South Korea (C-580-888). The agency set zero percent CV duty cash deposit rates for 41 exporters. As a result, Commerce will not assess CV duties on importers of subject merchandise from these 41 exporters entered Jan. 1, 2019, through Dec. 31, 2019.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
New Cash Deposit Rates Take Effect Feb. 7
New CV duty cash deposit rates for the producers and exporters subject to his review take effect Feb. 7, the date these final results were published in the Federal Register. The new rates, which will also apply for importer assessment purposes, are as follows:
| Producer/Exporter | CV Rate |
|---|---|
| POSCO/POSCO Chemtech/POSCO Nippon RHF Joint Venture Co., Ltd./POSCO Processing & Service/Pohang Scrap Recycling Distribution Center/POSCO M-Tech/POSCO Nippon Steel RHF Joint Venture Co., Ltd./POSCO Terminal | zero |
| Review Average Rate (Applicable to 40 Companies) | zero |
Companies that didn't get a rate in this review will keep their most recently assigned cash deposit rate. If the exporter has never been assigned its own CV 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 4.31% applies.
No shipments. Commerce also found Hyundai Steel Company had no shipments during the period under review. As a result, Hyundai's CV duty cash deposit rates will not change, and any entries under its case numbers will be liquidated at the “all others” rate.
Review average rate. The zero percent review average rate is applicable to the following 40 companies: BDP International; Blue Track Equipment; Boxco; Bukook Steel Co., Ltd.; Buma CE Co., Ltd.; China Chengdu International Techno-Economic Cooperation Co., Ltd.; Daehan I.M. Co., Ltd.; Daehan Tex Co., Ltd.; Daelim Industrial Co., Ltd.; Daesam Industrial Co., Ltd.; Daesin Lighting Co., Ltd.; Daewoo International Corp.; Dong Yang Steel Pipe; Dongbu Steel Co., Ltd.; Dongkuk Industries Co., Ltd.; Dongkuk Steel Mill Co., Ltd.; EAE Automotive Equipment; EEW KHPC Co., Ltd.; Eplus Expo Inc.; GS Global Corp; Haem Co., Ltd.; Han Young Industries; Hyosung Corp.; Jinmyung Frictech Co., Ltd.; Khana Marine Ltd.; Kindus Inc.; Korean Iron and Steel Co., Ltd.; Kyoungil Precision Co., Ltd.; Menics; Qian’an Rentai Metal Products Co., Ltd.; Samsun C&T Corp.; Shinko; Shipping Imperial Co., Ltd.; Sinchang Eng Co., Ltd.; SK Networks Co., Ltd.; SNP Ltd.; Steel N People Ltd.; Summit Industry; Sungjin Co., Ltd.; and Young Sun Steel.
(The review period is 01/01/19 - 12/31/19. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2108130005 for a summary of the preliminary results of this administrative review.)