Reportedly, the US Department of Commerce (DOC) announced the final results of its administrative review of the antidumping (AD) order on corrosion-resistant carbon steel flat products which made from South Korea.
It has been investigated with seven producers/exporters involved such as Dongbu Steel Co. Ltd.; Dongkuk Industries Co. Ltd.; Haewon MSC Co. Ltd,; Hyundai HYSCO; LG Chem Ltd.; LG Hausys Ltd.; and Union Steel Manufacturing Co. Ltd. The period would effect from August 1, 2010 through July 31, 2011.
The US DOC determined the final dumping margins rate of 0% for Dongkuk, Haewon, LG Chem, LG Hausys, and Union Steel which based on average of the margins for Dongbu and Hyundai HYSCO.
Meanwhile, the current AD deposit rate is 0% for Hyundai HYSCO, 3.66 % for Union Steel and 4.23 % for the remaining companies subject to this final review result.
In the meantime, the DOC expects to finalize the reviewing results by January 2013.