South Korea Steel Wire Rod: Final Results of AD Admin Review
The Commerce Department has published the final results of the antidumping duty administrative review on carbon and alloy steel wire rod from South Korea (A-580-891). Commerce made some changes to the calculations it used in its preliminary results, and arrived at a 0.85% AD rate for POSCO and its affiliated company POSCO International Corp., the only company under review, lower than the preliminary 1.03% AD rate.
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Importers of subject merchandise from POSCO/POSCO International entered between May 1, 2022, and April 30, 2023, will be assessed AD duties at importer-specific rates. The new 0.85% AD cash deposit rate for POSCO is in effect Oct. 18, the date that these final results were published in the Federal Register.
Only POSCO (as a single entity, including affiliates) is covered by this review. Cash deposit rates for all other exporters will not change. 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 41.1% applies.
(The review period is 05/01/22 - 04/30/23. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2406040064 for a summary of the preliminary results of this administrative review.)