The US Department of Commerce (DOC) has announced the final results of its administrative review on the countervailing duties (CVD) on imports of certain cut-to-length carbon-quality steel plate from South Korea during the period January 1, 2019, through December 31, 2019.
Accordingly, the DOC has determined that South Korean suppliers received a countervailable subsidy rate at 0.56 percent for the given period, above de minimis.
According to the preliminary results of the CVD administrative review, Hyundai Steel had received a subsidy rate of 0.45 percent and Dongkuk Steel had received a subsidy rate of 0.28 percent, both de minimis, while the subsidy rates for BDP International and Sung Jin Steel Co., Ltd have been set at 0.50 percent, above de minimis.