More Explanation, but No Changes on Electricity LTAR in Korea Cold-Rolled Steel CV Duty Remand

The Commerce Department continued on course in a remand redetermination on cold-rolled steel from South Korea submitted to the Court of International Trade April 19. The agency offered further explanation in response to a December 2020 Federal Circuit decision that struck down aspects of its final determination in the original CV duty investigation on cold-rolled steel, but did not make any changes to its findings to address concerns over a finding that electricity offered at less than adequate remuneration (LTAR) was not a countervailable subsidy. The Federal Circuit had remanded because Commerce had purportedly relied on its old “preferentiality” standard, and failed to address a second South Korean electricity producer.