It is reported that United States Department of Commerce announced the preliminary results of countervailing duty administrative review on corrosion-resistant carbon steel flat rolled products from Korea.
There are three companies included Dongbu steel, Hyundai HYSCO, and the Pohang iron and steel/PU coated sheet company (POSCO).
The US Commerce preliminary calculations the following enterprise subsidy profits for: Eastern steel 0.1%, modern steel 0.45%, Pohang iron and steel 0.34%; all these preliminary examination of profit is negligible.
In the meantime, these three companies of the present countervailing duty rates are 0%.
Meanwhile, the US Commerce Department plans to complete the review in January 2014 accordingly.