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AGENCY:
Enforcement and Compliance, International Trade Administration, Department of Commerce.
SUMMARY:
The U.S. Department of Commerce (Commerce) determines that carbon and alloy steel wire rod (wire rod) from the Republic of Korea (Korea) were sold in the United States at less than normal value during the period of review (POR), May 1, 2022, through April 30, 2023.
DATES:
Applicable October 18, 2024.
FOR FURTHER INFORMATION CONTACT:
Lingjun Wang, AD/CVD Operations, Office VII, Enforcement and Compliance, International Trade Administration, U.S. Department of Commerce, 1401 Constitution Avenue NW, Washington, DC 20230; telephone: (202) 482-2316.
SUPPLEMENTARY INFORMATION:
Background
On June 5, 2024, Commerce published the Preliminary Results of this administrative review in accordance with sections 751(a)(1) and 777(i)(1) of the Tariff Act of 1930, as amended (the Act). POSCO/POSCO International Corporation (PIC) is the sole producer and exporter that is subject to this administrative review.
See Carbon and Alloy Steel Wire Rod from the Republic of Korea: Preliminary Results of Antidumping Duty Administrative Review; 2022-2023,89 FR 48145 (June 5, 2024) ( Preliminary Results), and accompanying Preliminary Decision Memorandum (PDM).
In July 2024, POSCO requested a public hearing and subsequently withdrew its request. POSCO also filed a case brief. No other interested party submitted a case or rebuttal brief. On July 22, 2024, Commerce tolled certain deadlines in this administrative proceeding by seven days. The deadline for the final results is now October 10, 2024. For a summary of the events that occurred since the Preliminary Results, see the Issues and Decision Memorandum. The Issues and Decision Memorandum is a public document and is on file electronically via Enforcement and Compliance's Antidumping and Countervailing Duty Centralized Electronic Service System (ACCESS). ACCESS is available to registered users at https://access.trade.gov. In addition, a complete version of the Issues and Decision Memorandum can be accessed directly at https://access.trade/gov/public/FRNoticesListLayout.aspx. Commerce conducted this review in accordance with section 751(a) of the Act.
See POSCO's Letters, “Request for Public Hearing,” dated July 5, 2024, and “Withdrawal of Request for Public Hearing,” dated July 30, 2024.
See POSCO's Letter, “POSCO's Case Brief,” dated July 15, 2024.
See Memorandum, “Tolling of Deadlines for Antidumping and Countervailing Duty Proceedings,” dated July 22, 2024.
Memorandum, “Issues and Decision Memorandum for the Final Results of the Administrative Review of Carbon and Alloy Steel Wire Rod from the Republic of Korea; 2022-2023,” dated concurrently with, and hereby adopted by, this notice (Issues and Decision Memorandum).
Scope of the Order
See Carbon and Alloy Steel Wire Rod from Italy, the Republic of Korea, Spain, the Republic of Turkey, and the United Kingdom: Antidumping Duty Orders and Amended Final Affirmative Antidumping Duty Determinations for Spain and the Republic of Turkey,83 FR 23417 (May 21, 2018) ( Order).
The scope of the Order includes certain hot-rolled products of carbon steel and alloy steel, in coils, of approximately round cross section, less than 19.00 mm in actual solid cross-sectional diameter. For a complete description of the scope of the Order, see the Issues and Decision Memorandum.
See Issues and Decision Memorandum.
Changes Since the Preliminary Results
For reasons explained in the Issues and Decision Memorandum, we changed the time periods for the Cohen's d test, and corrected an error in the adjustment calculation for the indirect selling expense ratio. For a more detailed discussion of the changes, see the Issues and Decision Memorandum.
See Memorandum, “Final Calculation Memorandum for POSCO,” dated concurrently with this notice.
See generally Issues and Decision Memorandum.
Final Results of the Review
We determine that the following estimated weighted-average dumping margin exists for the period May 1, 2022, through April 30, 2023:
| Producer/exporter | Weighted- average dumping margin (percent) |
|---|---|
| POSCO/POSCO International Corporation | 0.85 |
In the 2020-2021 administrative review of the Order, we found that POSCO and PIC are affiliated and should be treated as a single entity. See Carbon and Alloy Steel Wire Rod from the Republic of Korea: Preliminary Results of Antidumping Duty Administrative Review; 2020-2021,87 FR 33468 (June 2, 2022), and accompanying PDM at 5-10, unchanged in Carbon and Alloy Steel Wire Rod from the Republic of Korea: Final Results of Antidumping Duty Administrative Review; 2020-2021 (October 4, 2022). In the absence of information demonstrating any changes, we are continuing to treat POSCO and PIC as a single entity for purpose of this administrative review.