CIT Finds Korean Company Didn't Get Countervailable Benefit from Electricity Pricing
The Court of International Trade on Jan .13 sustained the Commerce Department's remand results in a case on a countervailing duty investigation into carbon and alloy steel cut-to-length plate from South Korea. On remand from the Court of Appeals for…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
the Federal Circuit, Commerce held that the Korean Electricity Corp. didn't provide electricity for less than adequate remuneration and that prices on the Korean Power Exchange are not a countervailable benefit. The CVD petitioner, Nucor, questioned the use of a preferential-rate standard in the case, but the trade court held that Commerce also considered whether KEPCO recouped its costs in finding that electricity was not sold for LTAR.