South Korea Stainless Steel in Coils: Prelim Results of CVD Admin Review
The Commerce Department has published the preliminary results of a countervailing duty administrative review on stainless steel sheet and strip in coils from South Korea (C-580-835). In the final results of this review, Commerce will set CVD assessments on entries of subject merchandise from the exporters under review entered during calendar year 2022.
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Commerce also it intends to rescind the review for one company because there were no reviewable, suspended entries of subject merchandise from that company -- Samsung STS Co., Ltd. -- during the review period.
Commerce has ordered liquidation “as entered” for entries during the period of review from all exporters not under review (ADCVDWeb Message # 3331403).
Cash Deposit Requirements
For companies that remain subject to review, new CVD cash deposit requirements may take effect beginning on the date of publication of the final results in the Federal Register. Commerce preliminarily calculated the following CVD cash deposit rates:
| Producer/Exporter | CVD Rate (Prelim) |
|---|---|
| Hyundai BNG Steel Co. | zero |
| Hyundai Steel Company / Hyundai ISC | 0.76% |
| Geumok Tech. Co., Ltd. | 15.57% |
(The period of review is 01/01/22 - 12/31/22. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)