Search Results for keywords:"Corrosion-Resistant Steel"

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Search Results: keywords:"Corrosion-Resistant Steel"

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  • 2025-02624 — Certain Corrosion-Resistant Steel Products From the Republic of Korea: Notice of Court Decision Not in Harmony With the Results of Countervailing Duty Review; Notice of Amended Final Results
    Type:Notice
    Citation:90 FR 9614
    Reading Time:about 6 minutes

    The U.S. Court of International Trade (CIT) issued a final judgment on January 17, 2025, regarding the countervailing duty (CVD) review of corrosion-resistant steel products from Korea, stating that it disagrees with the U.S. Department of Commerce's prior decision. Consequently, the Department of Commerce is amending its results concerning the subsidy rates for KG Dongbu Steel and related entities. Current cash deposit rates remain unchanged, and any entries from these companies during 2019 are still subject to an injunction until any appeals are resolved. If not appealed, the Department will instruct the assessment of CVDs accordingly.

    Simple Explanation

    The U.S. government looked at how much extra help some Korean companies were getting to make their strong metal products. The court said the first look wasn’t quite right, so the government is fixing it. But, the rules won’t change yet until everything is double-checked, kind of like making sure everyone’s playing fair in a game.

  • 2025-01791 — Certain Corrosion-Resistant Steel Products From Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, the Republic of Türkiye, the United Arab Emirates, and the Socialist Republic of Vietnam: Postponement of Preliminary Determinations in the Less-Than-Fair-Value Investigations
    Type:Notice
    Citation:90 FR 8260
    Reading Time:about 4 minutes

    The Commerce Department's International Trade Administration announced a postponement of preliminary decisions in investigations into the import of corrosion-resistant steel products from ten countries, including Australia, Brazil, and Canada. On January 10, 2025, the petitioners, which include several U.S. steel companies and a labor union, requested this delay because of the complexity and size of the investigations. The original deadline of February 12, 2025, has now been extended by 50 days to April 3, 2025, allowing the Department more time to gather comprehensive information. The final determinations are scheduled to follow 75 days after the preliminary findings.

    Simple Explanation

    The U.S. government needs more time to decide if some countries are selling special steel at unfair prices, so they're taking about two more months to gather all the information they need before making a 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.