Korean Oil Pipes Cleared: No Extra Duties for SeAH Steel
Published Date: 2/21/2025
Notice
Summary
The U.S. Department of Commerce reviewed subsidies for SeAH Steel Companies, which make oil country tubular goods from Korea, and found no unfair financial help during late 2022. This means no extra duties will be added for them, keeping trade fair and steady. The decision is official as of February 21, 2025, affecting importers and exporters involved with these products.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
No Countervailing Duties for SeAH
The Department of Commerce determined that SeAH Steel Corporation and SeAH Steel Holding Corporation received a net countervailable subsidy rate of 0.14 percent ad valorem (de minimis) for the period September 29, 2022 through December 31, 2022. Because that rate is de minimis, Commerce adopted its preliminary finding as final on February 21, 2025 that no countervailing duties will be assessed for these companies for that period.
Zero Cash Deposit and Liquidation for SeAH Shipments
Commerce will instruct U.S. Customs and Border Protection (CBP) to liquidate relevant entries of SeAH OCTG without regard to countervailing duties and to set the cash deposit rate at zero for shipments entered, or withdrawn from warehouse, for consumption on or after the publication date of these final results (February 21, 2025). Commerce intends to issue assessment instructions to CBP no earlier than 35 days after publication.
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