South Korea Corrosion-Resistant Steel: Commerce Set to Decline Sucessor Request in CVD Case
The Commerce Department preliminarily determines that a South Korean company is not the successor-in-interest to a similarly named company for the purposes of countervailing duties on certain corrosion-resistant steel (CORE) products (C-580-879) from South Korea. The agency preliminarily found that Dongkuk Coated Metal Co., Ltd. (Dongkuk CM) isn't the successor-in-interest to Dongkuk Steel Mill Co., Ltd. (Old Dongkuk Steel), in the preliminary results of a changed circumstances review. As such, the agency also preliminarily found that Old Dongkuk Steel’s exclusion from the CVD order on South Korean CORE products doesn't apply to Dongkuk CM. Commerce will be accepting comments on this result through Sept. 10. Commerce expects to make a final determination public on or about Nov. 17.
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Cash deposit requirements are changing for entries of CORE from South Korea produced and/or exported by Dongkuk CM: those that are entered, or withdrawn from warehouse, for consumption in the U.S. on or after the date of publication of the preliminary results of this CCR, i.e., Aug. 20, must be identified by importers as subject to CVD (e.g., type 03) with CBP.