South Korea OCTG: Amended Final Results of AD Admin Review
The Commerce Department is amending the final results of the antidumping duty administrative review on certain oil country tubular goods (OCTG) from South Korea (A-580-870), covering the period Sept. 1, 2019, through Aug. 31, 2020, based on the final decision in a court case challenging those final results. Commerce calculated a revised AD rate for Hyundai Steel of 9.63%, and a revised AD rate for three non-individually examined companies -- AJU Besteel Co., Ltd., Husteel Co., Ltd., and Nexteel Co., Ltd. -- of 6.74%. Hyundai and the three average-rate companies that challenged the final results originally had received rates of 19.54% and 11.7%, respectively, in the administrative review's final results. All new rates are applicable Dec. 18, 2023.
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The following rates are now assigned to the companies listed from that administrative review:
| Exporter | AD Rate |
|---|---|
| Hyundai Steel Company | 9.63% |
| AJU Besteel Co., Ltd. | 6.74% |
| Husteel Co., Ltd. | 6.74% |
| Nexteel Co., Ltd. | 6.74% |
Because Hyundai, AJU Besteel, Husteel and Nexteel all have a superseding cash deposit rate, i.e., there have been final results published in a subsequent administrative review, Commerce will not issue revised cash deposit instructions to CBP, and the current cash deposit rate for these companies won't change (see 2310040019 for preliminary results of the latest administrative review).
The notice also said that Commerce remains, at this time, "enjoined by [court] order from liquidating entries that were produced and exported by AJU Besteel, Husteel, Hyundai Steel, or NEXTEEL, and were entered, or withdrawn from warehouse, for consumption during the period September 1, 2019, through August 31, 2020. Liquidation of these entries will remain enjoined pursuant to the terms of the injunction during the pendency of any appeals process."
(The review period is 09/01/19 - 08/31/20. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2204070053 for a summary of the original final results and 2110040032 for a summary of the preliminary results of this administrative review.)