The US Department of Commerce (DOC) has announced its final results of the administrative reviews of antidumping (AD) and countervailing duties (CVD) on imports of certain cut-to-length carbon quality steel plate (CTL plate) from South Korea-based Dongkuk Steel Mill Co., Ltd and Hyundai Steel Co.
As a result of the review on countervailing duties, the DOC has determined that during the period of the review, January 1, 2016, through December 31, 2016, Hyundai Steel received countervailable subsidies and that Dongkuk Steel did not. Accordingly, the final subsidy rate for Hyundai Steel stands at 0.54 percent, while the subsidy rate for Dongkuk Steel is 0.21 percent, which is de minimis. The countervailing duty for Hyundai Steel is applicable from July 16.
Meanwhile, as a result of the review on antidumping duties, the DOC has determined that Dongkuk Steel and Hyundai Steel made sales of certain cut-to-length carbon-quality steel plate products in the US at less than normal value during the period of review, February 1, 2016, through January 31, 2017. The DOC calculated final weighted-average dumping margins of 0.90 percent and 11.64 percent for Dongkuk Steel and Hyundai Steel, respectively. The antidumping duties for the two countries are applicable from July 13.
The products in question are currently classifiable in Harmonized Tariff Schedule of the United States (HTSUS) under subheadings 7208.40.30.30, 7208.40.30.60, 7208.51.00.30, 7208.51.00.45, 7208.51.00.60, 7208.52.00.00, 7208.53.00.00, 7208.90.00.00, 7210.70.30.00, 7210.90.90.00, 7211.13.00.00, 7211.14.00.30, 7211.14.00.45, 7211.90.00.00, 7212.40.10.00, 7212.40.50.00, 7212.50.00.00, 7225.40.30.50, 7225.40.70.00, 7225.50.60.00, 7225.99.00.90, 7226.91.50.00, 7226.91.70.00, 7226.91.80.00 and 7226.99.00.00.