Nucor to Appeal CIT Decision on CV Duties for South Korea Electricity LTAR

Nucor Corporation, both consolidated plaintiff and defendant-intervenor in a countervailing duty case, is appealing to the U.S. Court of Appeals for the Federal Circuit a lower court ruling that the Commerce Department properly found that electricity was not provided below cost in South Korea, in an investigation on carbon and alloy steel cut-to-length plate (see 2206130054), it said Aug. 12. Court of International Trade Judge Jennifer Choe-Groves said that both issues previously remanded by the Federal Circuit -- Commerce's reliance on the preferential-rate standard and its failure to address the Korean Power Exchange's (KPX's) impact on the South Korean electricity market as rendering cost-recovery analysis -- now comply with the appellate court's ruling (POSCO v. United States, CIT Consol. #16-00227).