On Thursday, 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 from Korea. This is the 18th administrative review of this order.
The review of the antidumping order covered seven producers/exporters - 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. - during the period from August 1, 2010 through July 31, 2011.
The DOC selected Dongbu and Hyundai HYSCO for individual review, and it calculated a final weighted-average dumping margin of 1.26 percent for Dongbu and a final weighted-average dumping margin of zero percent for Hyundai HYSCO.
For the remaining five companies - Dongkuk, Haewon, LG Chem, LG Hausys, and Union Steel - the DOC determined a dumping margin of 1.26 percent, based on the margin for Dongbu. The DOC did not include the margin for Hyundai HYSCO in this determination because the DOC does not consider zero or de minimis margins when it calculates an average of margins of companies selected for individual review.
Accordingly, effective March 14, 2013, the dumping duty deposit rates became 1.26 percent for Dongbu, Dongkuk, Haewon, LG Chem, LG Hausys, and Union Steel and remained zero percent for Hyundai HYSCO. In addition, the DOC will send instructions to US Customs and Border Protection to liquidate entries that were made during the period of review.