South Korea Nails: Final Results of AD Admin Review
The Commerce Department has released the final results of the antidumping duty administrative review on steel nails from South Korea (A-580-874). These final results will be used to set final assessments of AD duties on importers of subject merchandise entered July 1, 2020, through June 30, 2021.
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New Cash Deposit Rates Take Effect Feb. 15
For entries on or after Feb. 15, the scheduled publication date of these final results in the Federal Register, Commerce is setting new AD duty cash deposit rates for subject merchandise produced or exported by four companies, as follows:
| Exporter | AD Rate |
|---|---|
| Daejin Steel Company | 4.52% |
| Korea Wire Co., Ltd. | 0.75% |
| Je-il Wire Production Co., Ltd | 2.64% |
| Koram Inc. | 2.64% |
For exporters of subject merchandise that were not under review (i.e., all except the companies listed above), cash deposit rates remain at the level set in the most recent review of each respective company. If the exporter has never been assigned its own AD 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 of 11.8% applies.
Assessment Rates
Commerce is using the rates it calculated in these final results to calculate assessments of AD duties on importers of subject merchandise for entries between July 1, 2020, and June 30, 2021. Commerce will assess AD duties at importer-specific rates for entries from Daejin and Korea Wire, and at the rate listed above for entries from Je-il Wire and Koram.
(The review period is 07/01/20 - 06/30/21. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2208040049 for a summary of the preliminary results of this administrative review.)