US Agrees to Refund AD/CVD Paid on Certain South Korean Steel Entries
Importer Posco International America on Feb. 12 dismissed two of its lawsuits at the Court of International Trade claiming its hot-rolled steel flat products were improperly deemed liquidated with antidumping duties and countervailing duties. Posco initially filed the cases in 2024 to contest CBP's denial of its protest contesting the deemed liquidation of its steel entries (Posco International America v. United States, CIT #s 24-00035, 24-00116).
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The goods were imported from South Korea under Harmonized Tariff Schedule subheading 7208.39.0030. CBP assessed duties at an 11.1% AD rate and a 0.54% CVD rate on the entries. By the stipulation of judgment filed at the court, the government agreed that a zero percent rate for both AD and CVD is applicable to the entries.