The U.S. Department of Commerce has announced the final results of an administrative review concerning countervailing duties on oil country tubular goods (OCTG) from Korea, specifically for the SeAH Steel Companies. They found that no countervailable subsidies were provided to these companies during the review period from September 29, 2022, to December 31, 2022. As a result, there will be no countervailing duties assessed, and no cash deposits will be required for future imports of these goods from the SeAH Steel Companies. These final results are effective as of February 21, 2025.
Simple Explanation
The U.S. Department of Commerce checked if a Korean company that makes special pipes for oil had gotten unfair money help from the government. They found out the company didn't get any such help, so they won't have to pay extra fees when bringing those pipes into the U.S.