Cold Rolled Steel: Commerce Issues Final AD Duty Determinations
The Commerce Department issued its final determinations in the antidumping duty investigations on cold-rolled steel from Brazil (A-351-843) (here), India (A-533-865) (here), South Korea (A-580-881) (here), Russia (A-821-822) (here) and the UK (A-412-824) (here). The agency made changes to cash deposit requirements for these countries that will take effect for subject merchandise entered on or after July 29.
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The next step is for the International Trade Commission to make its final injury determination, currently scheduled for Sept. 3. If the ITC finds injury, Commerce will issue an AD duty order and duties will be made permanent. If the ITC finds no injury, the investigation will be terminated and all cash deposits will be refunded.
Commerce also found illegal subsidization in its concurrent countervailing duty investigations on cold-rolled steel from Brazil, India, South Korea and Russia (see 1607280032). Commerce recently issued AD/CVD orders on cold-rolled steel from China and Japan (see 1607130034).
Estimated AD Cash Deposit Rates
Commerce will instruct CBP to continue to suspend liquidation of subject cold-rolled steel and require an AD duty cash deposit equal to the following AD rates:
Brazil
| Company | AD Rate | Adjusted Cash Deposit* |
|---|---|---|
| Companhia Siderurgica Nacional | 14.43% (from 38.93%) | 10.34% (from 34.8%) |
| Usinas Siderurgicas de Minas Gerais S.A.(Usiminas) | 35.43% (from 38.93%) | 31.66% (from 35.11%) |
| All Others | 14.43% (from 38.93%) | 10.34% (from 34.95%) |
India
| Company | AD Rate | Adjusted Cash Deposit* |
|---|---|---|
| JSW Steel Limited/ JSW Coated Products Limited | 7.6% (from 6.78%) | 6.7% (from 4.86%) |
| All Others | 7.6% (from 6.78%) | 6.7% (from 4.86%) |
Russia
| Company | AD Rate |
|---|---|
| Severstal Export GmbH and PAO Severstal | 13.36% (from 12.62%) |
| Novex Trading (Swiss) SA and Novolipetsk Steel OJSC | zero (from 16.89%) |
| All Others | 13.36% (from 14.76%) |
NOTE: Because it was assigned a zero rate, Novex/Novolipetsk will be permanently exempt from any AD duty order Commerce issues in connection with this investigation.
South Korea
| Company | AD Rate | Adjusted Cash Deposit* |
|---|---|---|
| Hyundai Steel Company | 34.33% (from 2.17%) | 34.33% |
| POSCO and Daewoo International Corporation | 6.32% (from 6.89%) | 0% |
| All Others | 20.33% (from 4.53%) | 20.33% |
UK
| Company | AD Rate |
|---|---|
| Caparo Precision Strip, Ltd. | 5.4% (from 5.79%) |
| Tata Steel UK Ltd. | 25.56% (from 31.39%) |
| All Others | 22.92% (from 28.03%) |
*As adjusted for export subsidies found in the preliminary CV duty determinations on cold-rolled steel from Brazil, India and South Korea. The period for suspension of liquidation and collection of cash deposits in the Brazil and India CV duty investigations expired April 20, so adjusted rates for these two countries will only apply if CV duty suspension of liquidation and the collection of CV duty cash deposits is reinstated through a CV duty order. Suspension of liquidation and collection of CV duty cash deposits goes into effect for South Korea on July 29, so the adjusted rate will apply for entries from South Korea on or after that date. Commerce found no export subsidies for Russia in its CV duty investigation, so will not adjust cash deposit rates for Russian companies.
(The period of investigation is 07/01/14 -- 06/30/15. See Commerce’s notice for more information, including the scope of the investigation, detailed instructions on cash deposit rates, etc. See 1603040022 and 1603070012 for a summary of the preliminary AD duty determinations.)