CIT Decision Spares Korea's Hysco Of Steel Product Duty

Law360, New York (August 1, 2013, 1:42 PM EDT) -- The U.S. Court of International Trade on Wednesday spared Korean manufacturer Hyundai Hysco Ltd. from potential countervailing duties on certain steel products, affirming trade regulators' findings that the benefit Hyco received from government-issued export loans in 2009 were minimal.

CIT Senior Judge R. Kenton Musgrave denied U.S. Steel Corp.'s bid to overturn the U.S. Department of Commerce's final results in the 2009 countervailing duty administrative review of certain corrosion-resistant carbon steel flat products from Korea.

U.S. Steel was challenging Commerce's determination regarding the benefit Hysco received...
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