South Korea Hot-Rolled Steel: Prelim Results of CV Admin Review
The Commerce Department on Nov. 3 released the preliminary results of its countervailing duty administrative review on hot-rolled steel flat products from South Korea (C-580-884). The agency preliminarily assigned zero percent CV duty rates to the only two companies remaining under review, Hyundai Steel Company and POSCO. If the agency's findings are continued in the final results of this review, importers of subject merchandise from Hyundai Steel and POSCO entered Jan. 1, 2020, through Dec. 31, 2020, would not be assessed CV duties, and future entries from Hyundai Steel and POSCO would not be subject to CV cash deposit requirements until further notice. Any changes to rates for Hyundai Steel and POSCO would take effect on the date of publication in the Federal Register of the final results of this review, currently due in March.
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Commerce has ordered liquidation “as entered” at the cash deposit rate in effect at the time of entry for subject merchandise entered in calendar year 2020 that was exported by companies that are not under review (now all except Hyundai Steel and POSCO) (ADCVDWeb Message # 2004418). Commerce is also ending the review of 13 companies that had their requests for review withdrawn, and any entries from these companies during the period of review will also be liquidated as entered.
(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.)