Steel Wire Rod: AD Cash Deposit Rates Increase for South Korean Exporters
The Commerce Department is amending its preliminary determination in the antidumping duty investigation on carbon and alloy steel wire rod from South Korea (A-580-891). The agency is sharply increasing AD duty cash deposit rates in effect for South Korean exporters, in a correction to a "significant ministerial error" in its Oct. 31 preliminary determination (see 1711060029). Effective Nov. 28, AD duty cash deposit rates for South Korean exporters are as follows:
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
| Exporter/Producer | AD Rate |
|---|---|
| POSCO | 40.8% (from 10.09%) |
| All Others | 40.8% (from 10.09%) |
The final determinations in this investigation and concurrent investigations on steel wire rod from Italy, Spain, Turkey and the United Kingdom are due March 15 (see 1711060029). Commerce is also conducting AD duty investigations on steel wire rod from Belarus, Russia, South Africa, the United Arab Emirates and Ukraine.
(The period of investigation is 01/01/16 - 12/31/16. See Commerce's notice for more information, including the scope (unchanged), suspension of liquidation, etc. See 1704250021 for a summary of the initiation of this AD duty investigation, and 1703300012 for summary of the underlying petition.)