On Thursday, the US Department of Commerce (DOC) announced the preliminary results of its administrative review of the antidumping (AD) order on corrosion-resistant carbon steel flat products from Korea. This is the 18th administrative review of this order.
The review of the antidumping order covers seven producers/exporters - Dongbu Steel Co. Ltd.; Dongkuk Industries Co. Ltd.; Haewon MSC Co. Ltd,; Hyundai HYSCO; LG Chem Ltd.; LG Hausys Ltd.; and Union Steel Manufacturing Co. Ltd. - during the period from August 1, 2010 through July 31, 2011.
The DOC selected Dongbu and Hyundai HYSCO for individual review, and it has preliminarily calculated a weighted-average dumping margin of 0.00 (zero) percent for both companies.
For the remaining five companies - Dongkuk, Haewon, LG Chem, LG Hausys, and Union Steel - the DOC determined a dumping margin of 0.00 percent, based on an average of the margins for Dongbu and Hyundai HYSCO.
The current dumping duty deposit rates are 0.00 percent for Hyundai HYSCO; 3.66 percent for Union Steel; and 4.23 percent for the remaining companies subject to this review. The DOC plans to complete this review by January 2013. The current dumping duty deposit rates will remain in effect until the DOC's final results are published in the Federal Register next year.