The US Department of Commerce (DOC) has announced that it has amended the order and the final determination regarding its countervailing duty review on imports of certain hot rolled steel flat products (HRS) from South Korea, on the grounds that the final determination was not in harmony with the United States Court of International Trade (CIT).
Accordingly, the DOC has determined a new subsidy rate of 0.50 percent for Hyundai Steel.
In August 2021, the DOC had announced its final determination in the countervailing review covering the period between January 1, 2018 and December 31, 2018, determining a subsidy rate of 0.51 percent for the company.