The Commerce Department issued the preliminary results of its antidumping duty administrative review on cut-to-length carbon-quality steel plate products from South Korea (A-580-836). Rates calculated in this review will be used to set assessment rates for importers of subject merchandise from four producers and exporters that was entered Feb. 1, 2020, through Jan. 31, 2021.
The Commerce Department released the preliminary results of its antidumping duty administrative review on frozen warmwater shrimp from India (A-533-840). In the final results of this review, Commerce will set assessment rates for subject merchandise for the 163 companies under review entered February 2020 through January 2021.
A pair of complaints at the Court of International Trade, one filed by Calgon Carbon and the other by Carbon Activated Tianjin, argue that the Commerce Department picked the wrong surrogate data in a recent administrative review of the antidumping duty order on activated carbon from China (Calgon Carbon Corporation v. U.S., CIT #22-00025) (Carbon Activated Tianjin Co. v. U.S., CIT #22-00017).
South Korean manufacturer Hyundai Steel Co. launched a challenge at the Court of International Trade to contest the Commerce Department's final results in the administrative review of the countervailing duty order on cut-to-length carbon-quality steel plate from South Korea. In the review, Commerce said that Hyundai received a countervailable benefit through the issuance of carbon emissions permits for less than adequate remuneration (Hyundai Steel Company v. United States, CIT #22-00029).
The Commerce Department published notices in the Federal Register Feb. 25 on the following AD/CV duty proceedings (any notices that announce changes to AD/CV duty rates, scope, affected firms or effective dates will be detailed in another ITT article):
Universal Display is on track to meet “preliminary target specs” with its phosphorescent blue emissive OLED system by year-end, enabling the introduction of the first commercial products in 2024, said CEO Steven Abramson on a Q4 earnings call Wednesday. “We believe that the commercial introduction of our full-color emissive stock will unlock a vast array of opportunities for higher energy efficiency and higher performance across a broad range of OLED applications,” he said. Universal has begun selling phosphorescent blue materials still in development, said Abramson. “We would expect it to pick up a little bit but not move the needle until we get to the commercial level.” Universal has talked for multiple quarters about the progress it made on phosphorescent blue emissive OLED, but Wednesday’s call was the first in which it quoted timing on an anticipated commercial introduction. Asked in Q&A what recent advancements gave Universal comfort to make the more aggressive disclosure, “a lot of them are confidential,” but involve the materials’ “color point lifetime and efficiency.” said Abramson. “While we clearly have internal milestones, I think we're going to keep that internal.” Universal’s total 2021 revenue jumped 29.1% to $553.53 million, including a 38.7% increase in materials sales to $318.62 million and an 18.4% increase in royalty and license fee collections to $219.03 million. The stock closed 22.7% higher Thursday at $163.18.
The Commerce Department and the International Trade Commission published the following Federal Register notices Feb. 25 on AD/CV duty proceedings:
The Commerce Department published notices in the Federal Register Feb. 24 on the following AD/CV duty proceedings (any notices that announce changes to AD/CV duty rates, scope, affected firms or effective dates will be detailed in another ITT article):
The Commerce Department and the International Trade Commission published the following Federal Register notices Feb. 24 on AD/CV duty proceedings:
The Court of International Trade denied Wheatland Tube Company's bid for a preliminary injunction in a case seeking to compel CBP to respond to requests for information and a tariff classification ruling relating to Section 232 evasion since Wheatland has not shown a likelihood to succeed on the merits. CBP already responded to Wheatland's requests, so the plaintiff has not shown how it could succeed in the case, Judge Timothy Stanceu said.