The
US Department of Commerce (DOC) announced Tuesday the preliminary results of its administrative review of the antidumping (AD) order on corrosion-resistant carbon steel flat products from
Korea.
The review of the antidumping order covers eight producers/exporters--Dongbu Steel Co. Ltd.; Dongkuk Industries Co. Ltd.; Haewon MSC Co. Ltd,;
Hyundai HYSCO; LG Chem Ltd.; LG Hausys Ltd.; Pohang Iron & Steel Company Ltd. and its affiliated company Pohang Coated Steel Co. Ltd. (collectively
POSCO); and Union Steel Manufacturing Co. Ltd.--during the period from August 1, 2009 through July 31, 2010. This is the 17th administrative review of this AD order.
The DOC selected Dongbu,
Hyundai HYSCO,
POSCO, and Union Steel for individual review. It has preliminarily calculated weighted-average dumping margins of 4.92 percent for Dongbu, 0.25 percent for
Hyundai HYSCO, 0.04 percent for
POSCO, and 3.61 percent for Union Steel. The margins for
Hyundai HYSCO and
POSCO are de minimis.
For the remaining four companies--Dongkuk, Haewon, LG Chem, and LG Hausys--the DOC determined a dumping margin of 4.27 percent, based on an average of the margins for Dongbu and Union Steel. The DOC did not include the margins for
Hyundai HYSCO and
POSCO in this calculation because the DOC does not consider zero or de minimis margins when it calculates an average of margins of companies selected for individual review.
The DOC plans to complete this review by January 2012. The current dumping duty deposit rates will remain in effect until the DOC's final results are published in the Federal Register next year.