South Korea Steel Wire Rod: Final Results of AD Admin Review
The Commerce Department released the final results of the antidumping duty administrative review on carbon and alloy steel wire rod from South Korea (A-580-891). Commerce made no change to its preliminary results, and calculated a zero percent AD rate for POSCO and its affiliated company POSCO International Corporation, the only company under review.
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Importers of subject merchandise from POSCO entered between May 1, 2021, and April 30, 2022, will not be assessed AD duties, and future entries from POSCO will not be subject to an AD cash deposit requirement until further notice. The new zero percent AD duty cash deposit rate for POSCO is in effect Nov. 28, the date that these final results are scheduled for publication in the Federal Register.
Only POSCO (as a single entity, including affiliates) is covered by this review. Cash deposit rates for all other exporters will not change. The cash deposit rate for all other producers and exporters will continue to be 41.1%. 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 41.1% applies.
(The review period is 05/01/21 - 04/30/22. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2306020044 for a summary of the preliminary results of this administrative review.)