The US Department of Commerce has amended the antidumping margins on welded line pipe (WLP) imported from South Korea since the prior margins were not in harmony with the US Court of International Trade’s (CIT) ruling.
In an order slated for publication on Jan 14, Commerce noted that the CIT asked Commerce to reconsider three factors, which influenced the AD margin, namely, calculation of normal value, using the respondents’ third country sales, and the particular market in the cost of production for hot-rolled coil input.
The new amended final results will revise AD margins for WLP exported by Hyundai Steel and SeAH to 9.24pc and 4.23pc, respectively, with the latter being given a constructed export price offset. All other respondents that were part of the investigation will now be charged an AD margin of 6.74pc on their exports. The list includes Nexteel, Posco, and Daewoo International, apart from 20 others.
As per the original final results published on August 10, 2018, Hyundai Steel and SeAH were assigned AD margins of 18.77pc and 14.39pc, respectively. The all-others rate was calculated at 16.58pc.