South Korea Carbon Steel CTL Plate: Prelim Results of AD Admin Review
The Commerce Department issued the preliminary results of its antidumping duty administrative review on cut-to-length carbon-quality steel plate products from South Korea (A-580-836). Rates calculated in this review will be used to set assessment rates for importers of subject merchandise from four producers and exporters that was entered Feb. 1, 2020, through Jan. 31, 2021.
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Entries during this period from all exporters not under review (i.e., all except the four listed in Commerce's notice) will be liquidated as entered, at the cash deposit rate in effect at the time of entry (ADCVDWeb Message # 1126434).
Cash Deposit Requirements
Once Commerce issues its final results, new AD duty cash deposit requirements may take effect for some companies, beginning on the date of publication of the final results in the Federal Register. The following preliminary rates take effect March 1:
| Exporter | AD Rate (Prelim) |
|---|---|
| Hyundai Steel Co. | 6.09% |
| BDP International | 6.09% |
| Dongkuk Steel Mill Co., Ltd. | 6.09% |
| Sung Jin Steel Co., Ltd. | 6.09% |
Assessment Rates
As part of this administrative review, Commerce will also calculate final AD duty assessments on importers of subject merchandise exported by the companies under review that was entered between Feb. 1, 2020, and Jan. 31, 2021. If these preliminary results are confirmed in the final results, importers of subject merchandise from Hyundai Steel Co. would be assigned importer-specific rates. Entries from Dongkuk, BDP and Sung Jin would be liquidated at the rates listed above. The cash deposit rate for all other producers or exporters will continue to be 0.98%.
(The period of review is 02/01/20 - 01/31/21. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)