Certain Cold-Rolled Steel Flat Products From the Republic of Korea: Final Results of Antidumping Duty Administrative Review; 2022-2023
Published Date: 1/15/2025
Notice
Summary
The U.S. Department of Commerce checked if cold-rolled steel from South Korea was sold too cheaply in the U.S. between September 2022 and August 2023. They found it wasn’t, so no extra taxes (antidumping duties) will be added. This decision, effective January 15, 2025, means Korean steel sellers and U.S. buyers can keep trading without new fees for now.
Analyzed Economic Effects
5 provisions identified: 2 benefits, 3 costs, 0 mixed.
20.33% Cash Deposit Rate Remains for Other Producers
For all other producers and exporters not covered by these final results, the cash deposit rate will continue to be 20.33 percent, the all-others rate established in the original less-than-fair-value investigation. Importers of subject merchandise from producers not listed above must continue to post cash deposits at that 20.33 percent rate.
Importer Certificate and Double-Duty Risk
Importers must file a certificate regarding reimbursement of antidumping duties prior to liquidation of relevant entries during the period of review, per 19 CFR 351.402(f)(2). If an importer fails to file this certificate, Commerce may presume reimbursement occurred and assess double antidumping duties.
No Antidumping Duties for Three Korean Firms
Commerce found that Hyundai Steel Company, POSCO/POSCO International Corporation, and KG Dongbu Steel Co., Ltd. had weighted-average dumping margins of 0.00 percent for the period September 1, 2022 through August 31, 2023. Because of those zero margins, Commerce will instruct U.S. Customs and Border Protection to liquidate the appropriate entries for those companies without regard to antidumping duties.
Zero Cash Deposit Rate for Listed Companies
Upon publication of these final results, the cash deposit rate for Hyundai, POSCO, and KG Dongbu will be zero for shipments of the subject merchandise entered, or withdrawn from warehouse, for consumption on or after the publication date. This means importers of those companies' cold-rolled steel will not be required to post antidumping cash deposits for new entries covered by this notice.
Automatic Assessment for Unreviewed Entries
Commerce will apply its 'automatic assessment' practice: for POR entries of subject merchandise produced by Hyundai or POSCO that the reviewed companies did not know were destined for the United States, Commerce will instruct CBP to liquidate unreviewed entries at the all-others rate if there is no rate for the intermediate company. That means some unreviewed transactions may be assessed at the all-others rate (20.33 percent).
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