South Korea Nails: Prelim Results of AD Admin Review
The Commerce Department has published the preliminary results of its antidumping duty administrative review on steel nails from South Korea (A-580-874). Rates calculated in this review will be used to set assessment rates for importers of subject merchandise fromfour producers and exporters that was entered July 1, 2020, through June 30, 2021.
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Commerce has already ordered liquidation as entered, at the cash deposit rate in effect at the time of entry, for entries during the period of review from all exporters not under review, in a message to CBP (ADCVDWeb Message # 1285415).
In these preliminary results, Commerce is also ending the review for 209 companies for which review requests were withdrawn. Subject merchandise from these companies entered during the period of review will also be liquidated at the cash deposit rate in effect at the time of entry.
Cash Deposit Requirements
Once Commerce issues its final results, new AD duty cash deposit requirements may take effect for the four companies remaining under review, beginning on the date of publication of the final results in the Federal Register.
| Exporter | AD Rate (Prelim) |
|---|---|
| Daejin Steel Company | 4.38% |
| Korea Wire Co., Ltd. | 0.75% |
| Je-il Wire Production Co., Ltd | 2.57% |
| Koram Inc. | 2.57% |
Review rescinded. Commerce rescinded the review with respect to 209 companies because Mid Continent Steel & Wire, Inc., withdrew its requests for an administrative review for them. For these companies, Commerce intends to instruct CBP to assess AD on all appropriate entries at a rate equal to the cash deposit rate of estimated antidumping duties required at the time of entry, or withdrawn from warehouse, for consumption, during the review period.
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 July 1, 2020, and June 30, 2021. If these preliminary results are confirmed in the final results, importers of subject merchandise from Daejin and Korea Wire would be assigned importer-specific rates. Entries from other companies would be liquidated at the rate listed above.
(The period of review is 07/01/20 - 06/30/21. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)