Falls Church, VA. January 15, 2016. Earlier today, the U.S. Department of Commerce (DOC) announced its preliminary determinations in the countervailing duty (CVD) investigations of hot-rolled steel products from Brazil, Korea, and Turkey.
The DOC made an affirmative preliminary CVD determination with respect to hot-rolled steel products from Brazil and negative preliminary CVD determinations with respect to Korea and Brazil, as follows:
(a) Companhia Siderurgica Nacional (CSN) – 7.42% (critical circumstances)
(b) Usinas Siderurgicas de Minas Gerais (Usiminas) – 7.42% (critical circumstances)
(c) All Other Brazilian Producers/Exporters – 7.42%
(a) Hyundai Steel Co., Ltd. – 0.63% (de minimis)
(b) POSCO/Daewoo International Corporation – 0.17% (de minimis)
(c) All other Korean producers/exporters – negative
(a) Colakoglu Dis Tacaret A.S. – 0.38% (de minimis)
(b) Eregli Demir ve Celik Fabrikalari T.A.S. – 0.20% (de minimis)
(c) All Other Turkish Producers/Exporters – negative
With respect to Brazil, the DOC also made preliminary critical circumstances determinations regarding CSN and Usiminas. Accordingly, the DOC will instruct U.S. Customs and Border Protection (CBP) to collect the preliminary CVD duties on these companies for imports that were entered on or after 90 days prior to today’s publication of the preliminary CVD determinations.
With respect to all other Brazilian producers and exporters of hot-rolled steel products, the DOC will instruct CBP to require the deposit of the preliminary CVD duties on imports which are entered on or after January 15, 2016.
Because the DOC made negative preliminary determinations with respect to Korea and Turkey, no CVD duties will be collected on imports of hot-rolled steel products from these countries. Nevertheless, these investigations will continue, and the DOC will make final determinations.