South Korea Corrosion-Resistant Steel: Final Results of CV Admin Review
The Commerce Department has released the final results of its countervailing duty administrative review on corrosion resistant steel from South Korea (C-580-879). These final results will be used to set final assessments of CV duties on importers for subject merchandise entered Jan. 1, 2020, through Dec. 31, 2020.
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New Cash Deposit Rates Take Effect Feb. 7
New CV duty cash deposit rates for the producers and exporters subject to his review take effect Feb. 7, the date these final results are to be published in the Federal Register. The new rates, which will also apply for importer assessment purposes, are as follows:
| Company | CV Rate |
|---|---|
| KG Steel Corporation/KG Dongbu Steel Co., Ltd. | 9.47% |
| Hyundai Steel Co. | zero |
| POSCO | 9.47% |
| POSCO Coated & Color Steel Co., Ltd. | 9.47% |
| Samsung Electronics Co., Ltd. | 9.47% |
| SeAH Coated Metal | 9.47% |
| SeAH Steel Corporation | 9.47% |
| SY Co., Ltd. | 9.47% |
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 01/01/20 - 12/31/20. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2208040040 for a summary of the preliminary results of this administrative review.)