Korea Nails: Prelim Results of AD Admin Review
The Commerce Department has published the preliminary results of its antidumping duty administrative review on steel nails from South Korea (A-580-874). Rates calculated in this review will be used to set assessment rates for importers of subject merchandise from producers and exporters entered July 1, 2023, through June 30, 2024.
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Commerce has already ordered liquidation as entered, at the cash deposit rate in effect at the time of entry, for entries during the period of review from all exporters not under review, in a message to CBP (ADCVDWeb Message # 4263423).
In these preliminary results, Commerce also is ending the review for 119 companies that had no reviewable, suspended entries during the review period. See Appendix III of the notice for the complete list.
Cash Deposit Requirements
Once Commerce issues its final results, new AD duty cash deposit requirements may take effect for the seven companies remaining under review, beginning on the date of publication of the final results in the Federal Register.
| Exporter | AD Rate (Prelim) |
|---|---|
| Je-il Co., Ltd. | 1.64% |
| Korea Wire Co., Ltd. | 0.61% |
| Non-individually examined companies (5 companies) | 1.08% |
Non-individually examined companies. Commerce calculated a rate for five companies based on an average of the two mandatory respondents. The five non-individually examined companies are listed in Appendix II.
Assessment Rates
As part of this administrative review, Commerce also will calculate final AD assessments on importers of subject merchandise exported by the companies under review that was entered between July 1, 2023, and June 30, 2024. If these preliminary results are confirmed in the final results, importers of subject merchandise from Je-il and Korea Wire Co. would be assigned importer-specific rates. Entries from other companies would be liquidated at the rate listed above.
(The period of review is 07/01/23 - 06/30/24. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)