Bad Commerce Data Inflated Korean Steel Co. Tariffs, CIT Says

Law360, New York (May 29, 2012, 2:47 PM EDT) -- The U.S. Department of Commerce must reconsider its application of financing costs in calculating export tariffs for a Korean steel producer who said the regulator's use of unusually high expenses led the company's anti-dumping rates to skyrocket, the U.S. Court of International Trade said Friday.

The CIT ruled that Commerce must reconsider its calculation of tariffs for Union Steel Manufacturing Co. Ltd., as the 2010 results of an administrative review of certain corrosion-resistant carbon steel flat products from Korea wrongly drew on “aberrational” expenses Union incurred...
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