South Korea OCTG: Final Results of AD Admin Review
The Commerce Department has released the final results of the antidumping duty administrative review on certain oil country tubular goods (OCTG) from South Korea (A-580-870). These final results will be used to set final assessments of AD duties on importers for subject merchandise from 33 companies under review entered Sept. 1, 2019, through Aug. 31, 2020.
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For exporters of subject merchandise that were not under review (i.e., all except Hyundai Steel, SeAH Steel, and the 31 other companies under review), 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 5.24% applies.
Commerce said it made alterations to the calculation for Hyundai Steel, based on comments received after the preliminary results were published. The rate is thus slightly increased from the preliminary rate.
New Cash Deposit Rates Take Effect April 8
For entries on or after April 8, the date of publication of these results in the Federal Register, Commerce is setting new AD duty cash deposit rates for 33 companies, as follows:
| Exporter | AD Rate |
|---|---|
| Hyundai Steel Company | 19.54% |
| SeAH Steel Corporation | 3.85% |
| Average rate (applicable to 30 companies) | 11.70% |
Average Rate. Commerce is not individually investigating 30 companies subject to this review, and instead preliminarily assigned them an average of rates assigned the two individually investigated companies, Hyundai and SeAH. See Appendix II in Commerce's notice for a full list.
No shipments. Commerce determined that HiSteel Co., Ltd. had no shipments of subject merchandise during the period of review, so its rate will not change. Any entries under HiSteel 's case numbers will be liquidated at the "all-others" rate, currently 5.24%.
Assessment Rates for Entries September 2019 - August 2020
Commerce is using the rates it calculated in these final results to calculate assessments of AD duties on importers of subject merchandise for entries Sept. 1, 2019, through Aug. 31, 2020. For entries from Hyundai Steel and SeAH Steel during the period of review, Commerce is calculating importer-specific AD duty rates. For the 30 non-examined companies, Commerce will assess AD duties at the rate listed above.
(The review period is 09/01/19 - 08/31/20. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2110040032 for a summary of the preliminary results of this administrative review.)