South Korea Hot-Rolled Steel: Final Results of CV Admin Review
The Commerce Department issued the final results of the countervailing duty administrative review on hot-rolled steel flat products from South Korea (C-580-884). Commerce assigned the one mandatory respondent in the review, Hyundai Steel Co., Ltd., a CVD rate of 0.56%. The other company under review not selected as a mandatory respondent, POSCO, was assigned the rate Hyundai Steel received, 0.56%. Commerce will set final assessments of CV duties on importers for subject merchandise from Hyundai entered Jan. 1, 2019, through Dec. 31, 2019. The new 0.51% CV duty cash deposit rate takes effect for entries from Hyundai on or after May 9.
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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 applies.
(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 2111030036 for a summary of the preliminary results of this review.)