South Korea OCTG: Commerce Lowers CV Cash Deposit Rate for Dongbu

The Commerce Department will decrease the antidumping duty cash deposit rate in effect for an exporter of oil country tubular goods from South Korea (A-580-870), implementing a recent Court of International Trade decision that ordered Commerce to recalculate rates set in an administrative review completed in 2017 (see 1704140027 and 1707070018), it said in a notice released Sept. 8. As a result of its recalculation, the AD duty cash deposit rate for Dongbu Steel Co., Ltd. will fall to 3.3% (from 16.26%). The new rate will apply to subject merchandise entered on or after Sept. 9, 2020.

Commerce is also amending AD duty rates it set for 41 other companies as a result of the CIT decision, but cash deposit requirements will not change for these companies because they have all had new rates set in more recent administrative reviews. The changes will only affect importer assessments for entries in 2014-15 from these exporters.