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US DOC keeps Korean plate margins at zero percent after review

The US Department of Commerce has announced the final results of its administrative review of the countervailing duty order on cut to length carbon quality steel plate from Korea.

The review covered six Korean producers and exporters during calendar year 2012. They are: Dongkuk Steel Mill Company Limited, Edgen Murray Corporation; Kyoungil Col. Limited; Samsung C&T Corporation; Samwoo EMC Company Limited and TCC Steel Corporation.

The DOC selected Dongkuk as the only mandatory respondent for individual review, and it calculated a final weighted-average CVD margin of 0.11% which is de minimis. The DOC applied the same rate (ie, 0.00%) to the other five companies.

Accordingly, effective August 11th 2014, the CVD deposit rate for Dongkuk remained 0.00% and the CVD deposit rates for Edgen Murray, Kyoungil, Samsung C&T, Samwoo EMC and TCC Steel became 0.00%.

Source – steelorbis


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