South Korea Hot-Rolled Steel: Prelim Results of AD Admin Review
The Commerce Department released the preliminary results of its antidumping duty administrative review on hot-rolled steel flat products from South Korea (A-580-883). Rates calculated in this review will be used to set assessment rates for importers of subject merchandise from two producers and exporters remaining under review that was entered Oct. 1, 2023, through Sept. 30, 2024.
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Commerce said it is rescinding the review for 46 companies that had no reviewable, suspended entries during the review period. They are listed in Appendix II of the notice.
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 (i.e., all except the 48 listed in Commerce's notice) (ADCVDWeb Message # 4354416).
Cash Deposit Requirements
Once Commerce issues its final results, new AD duty cash deposit requirements may take effect for some companies, beginning on the date of publication of the final results in the Federal Register.
| Exporter | AD Rate (Prelim) |
|---|---|
| Hyundai Steel Co. | 1.49% |
| POSCO/POSCO International Corp. | 1.22% |
Assessment Rates
As part of this administrative review, Commerce will also calculate final AD assessments on importers of subject merchandise exported by the companies under review that was entered between Oct. 1, 2023, and Sept. 30, 2024. If these preliminary results are confirmed in the final results, importers of subject merchandise from Hyundai and POSCO during that period would be assessed AD at importer-specific rates.
(The period of review is 10/01/23 - 09/30/24. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)