South Korea Nails: Prelim Results of AD Admin Review
The Commerce Department has released 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 from four producers and exporters entered July 1, 2021, through June 30, 2022.
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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 # 2284426).
In these preliminary results, Commerce is also ending the review for one company, Nailtech Co., Ltd., for which the review request was withdrawn. Subject merchandise from Nailtech 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 120 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 | 0.66% |
| Korea Wire Co., Ltd. | zero |
| Non-individually examined companies (116 companies) | 0.66% |
No shipments. Commerce preliminarily found two companies, Astrotech Steels Private Limited and Geekay Wires Limited, had no shipments of subject merchandise during the review period. If this finding is continued in the final results, cash deposit rates for these companies will not change, and any entries under their case numbers will be assessed AD duties at the all-others rate.
For a list of the 116 companies not individually examined in this review, see Appendix II of the notice.
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, 2021, and June 30, 2022. If these preliminary results are confirmed in the final results, importers of subject merchandise from Daejin would be assigned importer-specific rates. Entries from Korea Wire would be liquidated without regard to AD. Entries from other companies would be liquidated at the rates listed above.
(The period of review is 07/01/21 - 06/30/22. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)