Final Results of Antidumping Duty Administrative Review on Carbon and Alloy Steel Wire Rod from Korea
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The U.S. Department of Commerce conducted an administrative review and determined that POSCO and POSCO International Corporation did not sell carbon and alloy steel wire rod from Korea at less than normal value during the review period from May 1, 2023, to April 30, 2024. As a result, the final weighted-average dumping margin for these companies is 0.00%, meaning they will not face antidumping duties. The notice informs parties about the assessment rates and cash deposit requirements for future shipments.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Final weighted-average dumping margin for POSCO is set at 0.00%
- No antidumping duties will be assessed due to de minimis margin
- Assessment instructions will direct CBP to liquidate entries without regard to antidumping duties
Obligations
What this law requires
U.S. Customs and Border Protection (CBP) shall assess antidumping duties on all appropriate entries of subject merchandise in accordance with the final results of this review, liquidating entries without regard to antidumping duties for POSCO due to de minimis weighted-average dumping margin of 0.00%.
Commerce shall disclose calculations performed in connection with final results of review to interested parties within five days after public announcement or, if no public announcement, within five days of publication in the Federal Register, in accordance with 19 CFR 351.224(b).
Commerce shall issue assessment instructions to CBP no earlier than 35 days after publication of final results in the Federal Register. If a timely summons is filed at U.S. Court of International Trade, assessment instructions shall direct CBP not to liquidate relevant entries until 90 days after publication.
For POSCO entries where the merchandise was produced but POSCO did not know it was destined for the United States, CBP shall liquidate such entries at the all-others rate of 41.10% if no rate exists for intermediate company(ies) involved.
Cash deposit rate for POSCO shall be zero percent (de minimis threshold) for all shipments of subject merchandise entered or withdrawn from warehouse for consumption on or after publication date of final results.