The US Department of Commerce (DOC) has announced that it is rescinding the countervailing duty (CVD) changed circumstances review on stainless steel sheet and strip in coils from South Korea, as INI Steel Company (INI) was previously found to be the successor-in-interest to Inchon Iron and Steel Co., Ltd. (Inchon) in other segments of the CVD proceeding in question.
On September 21, 2001, the DOC initiated the instant changed circumstances review to examine whether INI was the successor-in-interest to Inchon. On June 3, 2002, the DOC published its preliminary results in this changed circumstances review, and preliminarily determined that Inchon was the successor-in-interest to INI. The DOC received no comments on its preliminary results from interested parties within the 10 days allowed for comments.
Since the publication of the preliminary results, the DOC has completed a number of administrative reviews of the order, on March 19, 2003 and on January 14, 2004, covering calendar years 2000 and 2001, respectively.
In both of these segments of the proceeding, the DOC's determination reflected INI's status as the successor-in-interest to Inchon.
Since its decisions in these administrative reviews reflect INI's status as the successor-in-interest to Inchon, the DOC has determined that there is no need to make a determination on this issue in the context of a CVD changed circumstances review.
Therefore, the DOC has rescinded the instant CVD changed circumstances review on South Korean stainless steel sheet and strip in coils.