It's reported that the US Department of Commerce (DOC) launched its final result of its administrative review of countervailing duty (CVD) order on Korean corrosion-resistant carbon steel flat products.
There are three Korean companies are involved in this case, including Dongbu Steel, Hyundai Hysco and Pohang Iron & Steel Co., Ltd. (Posco), covering the period of calendar year 2010.
The DOC determined final subsidy margin of 0.12% for Dongbu Steel, 0.19% for Hyundai Hysco and 0.16% for Posco. All of these preliminary margins are de minimis.
The DOC will send instructions to the US Customs and Border Protection to liquidate entries.