US Department of Commerce determined that Hyundai Steel Co and certain other producers & exporters of certain cut to length plate from South Korea received countervailable subsidies that are above de minimis and that Dongkuk Steel Mill Co Ltd received a de minimis net subsidy rate during the period of review January 1, 2018 through December 31, 2018.
On March 6, 2020, US DOC published the Preliminary Results of this administrative review. On September 2, 2020, the Korean Government, Hyundai Steel and Dongkuk Steel Mill submitted timely filed rebuttal briefs. On November 2, 2020, Commerce further extended the final results of this review by 28 days to December 18, 2020. Based on the comments received from interested parties and record information, DOC have made changes to the net subsidy rates calculated for the mandatory respondents. DOC determined that the following total estimated net countervailable subsidy rates exist for the period January 1, 2018 through December 31, 2018
Subsidy rate ad valorem %
Dongkuk Steel Mill Co Ltd - 0.28 de minimis
Hyundai Steel Company - 0.50
BDP International - 0.50
Sung Jin Steel Co Ltd - 0.50
The merchandise covered by the order is certain hot rolled carbon quality steel plate. The merchandise subject to the order is currently classifiable in the HTSUS under subheadings: 7208.40.3030, 7208.40.3060, 7208.51.0030, 7208.51.0045, 7208.51.0060, 7208.52.0000, 7208.53.0000, 7208.90.0000, 7210.70.3000, 7210.90.9000, 7211.13.0000, 7211.14.0030, 7211.14.0045, 7211.90.0000, 7212.40.1000, 7212.40.5000, 7212.50.0000, 7225.40.3050, 7225.40.7000, 7225.50.6000, 7225.99.0090, 7226.91.5000, 7226.91.7000, 7226.91.8000, 7226.99.0000.