The US Department of Commerce (DOC) announced Friday the final results of its administrative review of the countervailing duty (CVD) order on corrosion-resistant carbon steel flat products from Korea.
The review covered three companies – Dongbu Steel Co., Ltd.; Hyundai HYSCO Ltd.; and Pohang Iron & Steel Co., Ltd. / Pohang Coated Steel Co., Ltd. (POSCO) – during the period of calendar year 2011.
The DOC calculated the following final subsidy margins: Dongbu – 0.10 percent; HYSCO – 0.26 percent; and POSCO – 0.20 percent. All of these margins are de minimis.
Accordingly, the DOC will send instructions to US Customs and Border Protection to liquidate entries that were made during the period of review at a zero percent CVD rate.
Because CVD order was terminated as the result of a sunset review, and the effective date of termination was February 14, 2012, this will probably be the last administrative review of the order.
