Hyundai Proposes Judgment Resolving South Korean Steel Plate CVD Matter

South Korean steel exporter Hyundai Steel Company filed a proposed judgment in a countervailing duty case after the Court of International Trade told litigants to do so as resolution of the matter was reached following a voluntary remand from the Commerce Department (see 2203100028). The proposed order would have the trade court sustain Commerce's remand results. In the remand, Commerce said that a South Korean sewerage fees program was not countervailable, leading to a de minimis rate for Hyundai Steel. In a March 9 joint status report, Hyundai and the U.S. said that case was resolved following the voluntary remand. The case concerns the 2018 CVD administrative review of cut-to-length carbon-quality steel plate from South Korea (Hyundai Steel Company v. United States, CIT #21-00012).