The US Department of Commerce (DOC) has announced the final results of the sunset review on the countervailing duty (CVD) order on certain carbon and alloy steel cut-to-length plate from South Korea. The DOC found that revocation of the countervailing duty (CVD) order on the given product from South Korea would be likely to lead to a continuation or recurrence of subsidies.
The final subsidy rate is at 4.35 percent for POSCO and all other companies.
The countervailing duties for the companies are applicable from April 1.