Search Results for keywords:"KG Dongbu Steel"

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Search Results: keywords:"KG Dongbu Steel"

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  • 2020-29178 — Certain Cold-Rolled Steel Flat Products and Certain Corrosion-Resistant Steel Products From the Republic of Korea: Preliminary Results of Antidumping Duty and Countervailing Duty Changed Circumstances Reviews
    Type:Notice
    Citation:86 FR 287
    Reading Time:about 7 minutes

    The Department of Commerce has preliminarily determined that KG Dongbu Steel Co., Ltd. (KG Dongbu Steel) is the successor to Dongbu Steel Co., Ltd. and Dongbu Incheon Steel Co., Ltd. for antidumping duties on certain steel products from Korea. However, due to significant changes in ownership and operations, KG Dongbu Steel is not considered the successor for countervailing duties. This decision affects how KG Dongbu Steel will be treated in regard to certain financial penalties and responsibilities related to U.S. trade laws. The public is encouraged to comment on these preliminary findings.

    Simple Explanation

    The government is deciding if a company called KG Dongbu Steel is like two older companies and has to pay special extra charges (kind of like extra taxes) on certain steel things they sell. They said yes for some charges but not for others because the company changed a lot. People can tell the government what they think about this decision.

  • 2021-03619 — Certain Cold-Rolled Steel Flat Products and Certain Corrosion-Resistant Steel Products From the Republic of Korea: Final Results of Antidumping and Countervailing Duty Changed Circumstances Reviews
    Type:Notice
    Citation:86 FR 10922
    Reading Time:about 3 minutes

    The Department of Commerce has determined that KG Dongbu Steel Co., Ltd. is considered the successor to Dongbu Steel Co., Ltd. and Dongbu Incheon Steel Co., Ltd. for the purposes of antidumping duty (AD) cash deposits related to imports from Korea. However, KG Dongbu Steel is not viewed as the successor for countervailing duty (CVD) reasons because of significant ownership changes that might affect subsidy calculations. As a result, for AD purposes, KG Dongbu Steel will inherit the duty rates from Dongbu Steel/Dongbu Incheon, but for CVD, they will not. U.S. Customs and Border Protection will apply these AD rates to future imports from KG Dongbu Steel until further notice.

    Simple Explanation

    Imagine a toy company is changing its name from "Fun Toys" to "New Fun Toys." For keeping track of old promises, they are considered the same company when it comes to pricing rules. However, for different rules about money and help from other companies, they aren't considered the same because of changes in who owns them and how they work.