On Monday, the US Department of Commerce (DOC) announced the preliminary results of its administrative review of the countervailing duty (CVD) order on corrosion-resistant carbon steel flat products from Korea.
The review covers three companies - Dongbu Steel Co., Ltd.; Hyundai HYSCO Ltd.; and Pohang Iron & Steel Co., Ltd. (POSCO) - during the period of calendar year 2010.
The DOC has preliminarily calculated the following subsidy margins: Dongbu - 0.11 percent; HYSCO - 0.08 percent; and POSCO - 0.16 percent. All of these preliminary margins are de minimis.
The current countervailing duty deposit rates for all three companies are zero (0.00 percent).
The DOC plans to complete this review by January 2013, and the current countervailing duty deposit rates will remain in effect until the DOC's final results are published in the Federal Register