The US Department of Commerce (DOC) announced Friday the preliminary results of its administrative review of the antidumping (AD) order on cut-to-length carbon-quality steel plate from Korea.
The review covers six Korean producers/exporters during the period from February 1, 2013, through January 31, 2014.
The DOC has calculated a preliminary weighted-average dumping margin of 0.56 percent for Dongkuk Steel Mill Co., Ltd., the only company which is subject to individual examination during this review.
In addition, the DOC has assigned the same dumping margin – 0.56 percent – to two other companies that requested reviews but were not individually reviewed. They are Bookuk Steel Co., Ltd. and SM Solution Co., Ltd.
In addition, the DOC has preliminarily determined that three Korean companies – Hyosung Corporation, Samsung C&T Corp., and TCC Steel Corp. – had no reviewable entries during the period of review (i.e., no exports, sales, or shipments).
The DOC plans to complete this review by April 2015. The current dumping duty deposit rates will remain in effect until the DOC publishes its final results in the Federal Register. The current deposit rates are 4.64 percent for Dongkuk, Samsung C&T, and TCC Steel; 32.70 percent for Hyosung; and 0.98 percent for Bookuk Steel and SM Solution.
