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US announces final result review of AD & CVD on CTL plates from South Korea
The US Department of Commerce (DOC) has announced the final issues of the review of anti-dumping (AD) and countervailing duty (CVD) orders on certain cut-to-length carbon steel plates (CTL plates) from South Korea. The review period for anti-dumping is from February 1st, 2022, to January 31st, 2023, while the review period for countervailing duty is from January 1st, 2022, to December 31st, 2022.
The USDOC found that South Korea’s producers and exporters subject to this administrative review did not sell the products at less than normal value during the period of review. Therefore, the DOC decided to use zero percent of the weighted-average dumping margins for Dongkuk Steel Mill Co. and Hyundai Steel Company, which is the same as the preliminary result.
However, the final results for the review of countervailing duty would be 2.01% for Dongkuk Steel Mill Co. and 2.21% for Hyundai Steel Company. The preliminary result of the countervailing duty review was 1.93% for Dongkuk Steel Mill Co. and 2.21% for Hyundai Steel Company.
The USDOC found that South Korea’s producers and exporters subject to this administrative review did not sell the products at less than normal value during the period of review. Therefore, the DOC decided to use zero percent of the weighted-average dumping margins for Dongkuk Steel Mill Co. and Hyundai Steel Company, which is the same as the preliminary result.
However, the final results for the review of countervailing duty would be 2.01% for Dongkuk Steel Mill Co. and 2.21% for Hyundai Steel Company. The preliminary result of the countervailing duty review was 1.93% for Dongkuk Steel Mill Co. and 2.21% for Hyundai Steel Company.
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