South Korea OCTG: Final Results of AD Admin Review
The Commerce Department has published the final results of the antidumping duty administrative review on certain oil country tubular goods (OCTG) from South Korea (A-580-870). These final results will be used to set final assessments of AD duties on importers for subject merchandise from 16 companies under review entered Sept. 1, 2021, through Aug. 31, 2022.
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For exporters of subject merchandise that were not under review (i.e., all except Hyundai Steel, SeAH Steel, and the 14 other companies under review), cash deposit rates remain at the level set in the most recent review of each respective company. 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 5.24% applies.
Commerce said it made no alterations to the calculations it used in the preliminary results, based on comments received after the preliminary results were published.
New Cash Deposit Rates Took Effect April 8
For entries on or after April 8, the date of publication of these results in the Federal Register, Commerce is setting new AD duty cash deposit rates for 15 companies, as follows:
| Exporter | AD Rate |
|---|---|
| Hyundai Steel Company | zero |
| SeAH Steel Corporation | 1.18% |
| Average rate (applicable to 13 companies) | 1.18% |
Average Rate. Commerce didn't individually investigate 13 companies subject to this review, and instead continued its preliminary assignment of an average of rates assigned the two individually investigated companies, Hyundai and SeAH. Those companies are: AJU Besteel Co., Ltd.; Dong-A Steel Co., Ltd.; Husteel Co., Ltd.; ILJIN Steel Corporation; K Steel Corporation; Keonwoo Metals Co., Ltd.; Kukje Steel; MSTEEL Co., Ltd.; NEXTEEL Co., Ltd.; Nissei Trading Co., Ltd.; POSCO International Corporation; Sungwon Steel Co., Ltd.; and TGS Pipe.
No Shipments. Commerce also continued its preliminary determination that HiSteel Co., Ltd., had no shipments during the review period. Therefore, the company's cash deposit rate will not change, and any entries under its case number will be assessed AD at the all-others rate, currently 5.24%.
Assessment Rates for Entries September 2021 - August 2022
Commerce is using the rates it calculated in these final results to calculate assessments of AD duties on importers of subject merchandise for entries Sept. 1, 2021, through Aug. 31, 2022. For entries from Hyundai Steel, Commerce will liquidate entries during that period without AD, and for entries from SeAH Steel during the period of review, Commerce is calculating importer-specific AD rates. For the 13 non-examined companies, Commerce will assess AD duties at the rate listed above.
(The review period is 09/01/21 - 08/31/22. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2310040019 for a summary of the preliminary results of this administrative review.)