South Korea Corrosion-Resistant Steel: Prelim Results of CV Admin Review
The Commerce Department has issued the preliminary results of a countervailing duty administrative review of corrosion-resistant steel products from South Korea (C-580-879). This review covers subject merchandise from the exporters under review entered during the period Jan. 1, 2020, through Dec. 31, 2020.
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Liquidation 'As Entered' for Entries From Exporters Not Subject to Review
Only the exporters for which an administrative review was requested are covered by this review. Cash deposit rates for all other exporters will not change. Commerce has ordered liquidation “as entered” for entries during the period of review from all exporters for which a review was not requested (ADCVDWeb Message # 1285428).
Cash Deposit Requirements
For companies that remain subject to review, new CV duty cash deposit requirements may take effect beginning on the date of publication of the final results in the Federal Register, currently scheduled for December. Commerce preliminarily calculated the following CV duty cash deposit rates:
| Producer/Exporter | CV Rate |
|---|---|
| KG Dongbu Steel Co., Ltd. (formerly Dongbu Steel Co., Ltd.) / Dongbu Incheon Steel Co., Ltd. | 9.51% |
| Hyundai Steel Company, and affiliate Hyundai Green Power | zero |
| Review Average Rate (Applicable to 6 companies) | 9.51% |
Review average rate. The review average rate is applicable to six companies: POSCO Coated & Color Steel Co., Ltd.; POSCO; Samsung Electronics Co., Ltd.; SeAH Coated Metal; SeAH Steel Corporation; and SY Co., Ltd.
No shipments. Commerce is rescinding the review for 31 companies that had no entries of subject merchandise during the calendar year 2020 period of review. See Appendix III of the notice for the complete list. Commerce said it will instruct CBP to assess CVDs on all appropriate entries for these companies at a rate equal to the cash deposit of estimated CVDs required at the time of entry, or withdrawal from warehouse, for consumption, during the period January 1, 2020, through December 31, 2020.
(The period of review is 01/01/20 - 12/31/20. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)