US DOC results on CVD on corrosion resistant steel from South Korea

Sunday, 01 Nov 2009

The US Department of Commerce announced the final results of its administrative review of the countervailing duty order against corrosion resistant carbon steel flat products from South Korea during the calendar year of 2007.

The DOC calculated the following final weighted-average subsidy margins
1. Dongbu - 0.21%
2. Hyundai HYSCO - 0.04%
3. POSCO - 0.01%

All of these margins are de minimis, which means that the subsidy amount is considered to be negligible and the deposit rate will therefore change to, or remain at, zero%.

Accordingly, effective October 27th 2009, the CVD deposit rates remained zero% percent for Dongbu and POSCO and became zero% for Hyundai HYSCO

The previous CVD deposit rates were zero percent for Dongbu and POSCO and 2.69% for Hyundai HYSCO.