CIT upholds ruling vs. Korean corrosion-resistant steel

Aug 06, 2013 | 04:16 PM | Catherine Ngai

Tags  U.S. Steel, Hyundai Hysco, U.S. Court of International Trade, Commerce Department, South Korea steel, corrosion-resistant steel, Export-Import Bank of Korea, CIT Catherine Ngai

NEW YORK — The U.S. Court of International Trade (CIT) has sided with an earlier Commerce Department decision over interest rates used in a 2009 countervailing duty administrative review of imports of corrosion-resistant steel products from South Korea.

The issue dates to 2011, when Pittsburgh-based U.S. Steel Corp. challenged the final results in Commerce’s review of the subject imports. Commerce had issued Hyundai Hysco Ltd. a rate of 0.46 percent ad valorem, which is de minimis (, March 2, 2012). ....

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