The US Department of Commerce (DOC) announced Tuesday the preliminary results of its administrative review of the countervailing duty (CVD) order on cut-to-length carbon quality steel plate from Korea.
The review covers six Korean producers and exporters during calendar year 2012. They are: Dongkuk Steel Mill Co., Ltd.; Edgen Murray Corporation; Kyoungil Col. Ltd.; Samsung C&T Corporation; Samwoo EMC Co., Ltd.; and TCC Steel Corp.
The DOC selected Dongbu as the only mandatory respondent for individual review, and it has preliminarily calculated a weighted-average CVD margin of 0.11 percent, which is de minimis. The DOC has preliminarily applied the same rate (i.e., 0.00 percent) to the other five companies.
The DOC plans to complete this review by July 2014. The current countervailing duty deposit rates will remain in effect until the DOC publishes its final results in the Federal Register.