South Korea Hot-Rolled Steel: Final Results of CVD Admin Review
The Commerce Department has released the final results of the countervailing duty administrative review on hot-rolled steel flat products from South Korea (C-580-884). Commerce assigned the two companies under review, Hyundai Steel Company and POSCO, a CVD rate of zero percent, unchanged from the preliminary results. Commerce will not assess CV duties on Hyundai Steel and POSCO entered Jan. 1, 2020, through Dec. 31, 2020, and future entries from those companies will not be subject to CV cash deposit requirements until further notice. The new zero percent CVD cash deposit rate takes effect for entries from Hyundai Steel and POSCO on or after May 9, the date these final results are to be published in the Federal Register.
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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 CVD 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 2211030039 for a summary of the preliminary results of this review.)