Notice2021-28556
Certain Hot-Rolled Steel Flat Products From the Republic of Korea: Final Results of the Expedited First Sunset Review of the Countervailing Duty Order
Primary source
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Published
January 5, 2022
Issuing agencies
Commerce DepartmentInternational Trade Administration
Abstract
The Department of Commerce (Commerce) finds that revocation of the countervailing duty (CVD) order on certain hot-rolled steel flat products (hot-rolled steel) from the Republic of Korea (Korea) would be likely to lead to the continuation or recurrence of countervailable subsidies at the levels indicated in the "Final Results of Sunset Review" section of this notice.
Full Text
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<title>Federal Register, Volume 87 Issue 3 (Wednesday, January 5, 2022)</title>
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[Federal Register Volume 87, Number 3 (Wednesday, January 5, 2022)]
[Notices]
[Pages 428-429]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-28556]
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DEPARTMENT OF COMMERCE
International Trade Administration
[C-580-884]
Certain Hot-Rolled Steel Flat Products From the Republic of
Korea: Final Results of the Expedited First Sunset Review of the
Countervailing Duty Order
AGENCY: Enforcement and Compliance, International Trade Administration,
Department of Commerce.
SUMMARY: The Department of Commerce (Commerce) finds that revocation of
the countervailing duty (CVD) order on certain hot-rolled steel flat
products (hot-rolled steel) from the Republic of Korea (Korea) would be
likely to lead to the continuation or recurrence of countervailable
subsidies at the levels indicated in the ``Final Results of Sunset
Review'' section of this notice.
DATES: Applicable January 5, 2022.
FOR FURTHER INFORMATION CONTACT: Nathan James, AD/CVD Operations,
Office V, Enforcement and Compliance, International Trade
Administration, U.S. Department of Commerce, 1401 Constitution Avenue
NW, Washington, DC 20230; telephone: (202) 482-5305.
SUPPLEMENTARY INFORMATION:
Background
On October 3, 2016, Commerce published in the Federal Register the
CVD order on hot-rolled steel from Korea.\1\ On September 1, 2021,
Commerce published the notice of initiation of the first sunset review
of the CVD order on hot-rolled steel from Korea, pursuant to section
751(c) of the Tariff Act of 1930, as amended (the Act).\2\ Commerce
received timely notices of intent to participate from Cleveland-Cliffs
Inc. (Cleveland-Cliffs), United States Steel Corporation (U.S. Steel),
California Steel Industries (CSI), Steel Dynamics Inc. (SDI), and Nucor
Corporation (Nucor) (collectively, domestic interested parties).\3\ The
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domestic interested parties claimed interested party status under
section 771(9)(C) of the Act, as domestic producers of hot-rolled
steel.
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\1\ See Certain Hot-Rolled Steel Flat Products from Brazil and
the Republic of Korea: Amended Final Affirmative Countervailing Duty
Determinations and Countervailing Duty Orders, 81 FR 67960 (October
3, 2016).
\2\ See Initiation of Five-Year (Sunset) Reviews, 86 FR 48983
(September 1, 2021).
\3\ See Cleveland-Cliffs' Letter, ``Five-Year (`Sunset') Review
Of Countervailing Duty Order On Certain Hot-Rolled Steel Flat
Products from the Republic of Korea: Notice Of Intent To Participate
In Sunset Review,'' dated September 16, 2021; U.S. Steel's Letter,
``Five-Year (`Sunset') Review of Antidumping and Countervailing Duty
Orders on Certain Hot-Rolled Steel Flat Products from the Republic
of Korea: Notice of Intent to Participate,'' dated September 16,
2021; CSI/SDI's Letter, ``Notice of Intent to Participate in the
First Five-Year Review of the Countervailing Duty Order on Hot-
Rolled Steel Flat Products from Korea,'' dated September 16, 2021;
and Nucor's Letter, ``Hot-Rolled Steel Flat Products from the
Republic of Korea: Notice of Intent to Participate in Sunset
Review,'' dated September 16, 2021.
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On September 30, 2021, Commerce received a timely and adequate
substantive response from the domestic interested parties.\4\ We
received no substantive responses from any other interested parties,
including the Government of Korea, nor was a hearing requested. On
October 20, 2021, Commerce notified the U.S. International Trade
Commission that we did not receive an adequate substantive response
from any respondent interested parties.\5\ As a result, pursuant to
751(c)(3)(B) of the Act and 19 CFR 351.218(e)(1)(ii)(C)(2), Commerce
conducted an expedited (120-day) sunset review of the CVD order on hot-
rolled steel from Korea.
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\4\ See Domestic Interested Parties' Letter, ``Substantive
Response to Notice of Initiation of Sunset Review,'' dated September
30, 2021.
\5\ See Commerce's Letter, ``Sunset Reviews Initiated on
September 1, 2021,'' dated October 20, 2021.
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Scope of the Order
The product covered by this order is hot-rolled steel. For a full
description of the scope, see the Issues and Decision Memorandum.\6\
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\6\ See Memorandum, ``Issues and Decision Memorandum for the
Final Results of the Expedited First Sunset Review of the
Countervailing Duty Order on Certain Hot-Rolled Steel Flat Products
from the Republic of Korea,'' dated concurrently with, and hereby
adopted by, this notice (Issues and Decision Memorandum).
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Analysis of Comments Received
All issues raised in this sunset review are addressed in the
accompanying Issues and Decision Memorandum, which is hereby adopted by
this notice. A list of the topics discussed in the Issues and Decision
Memorandum is attached as an appendix to this notice.
The Issues and Decision Memorandum is a public document and is on
file electronically via Enforcement and Compliance's Antidumping and
Countervailing Duty Centralized Electronic Service System (ACCESS).
ACCESS is available to registered users at <a href="https://access.trade.gov">https://access.trade.gov</a>. In
addition, a complete version of the Issues and Decision Memorandum can
be accessed directly at <a href="https://access.trade.gov/public/FRNoticesListLayout.aspx">https://access.trade.gov/public/FRNoticesListLayout.aspx</a>.
Final Results of Sunset Review
Pursuant to sections 751(c)(1) and 752(b) of the Act, Commerce
determines that revocation of the order would be likely to lead to the
continuation or recurrence of countervailable subsidies at the rates
listed below:
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Subsidy rate
Producer/exporter (percent)
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POSCO................................................... 41.64
Hyundai Steel Co., Ltd.................................. 3.98
All Others.............................................. 3.89
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Notification Regarding Administrative Protective Order (APO)
This notice also serves as the only reminder to parties subject to
an APO of their responsibility concerning the destruction of
proprietary information disclosed under APO in accordance with 19 CFR
351.305. Timely written notification of the return or destruction of
APO materials or conversion to judicial protective order is hereby
requested. Failure to comply with the regulations and terms of an APO
is a sanctionable violation.
Notification to Interested Parties
We are issuing and publishing these results in accordance with
sections 751(c), 752(b), and 777(i)(1) of the Act, and 19 CFR 351.218.
Dated: December 29, 2021.
Ryan Majerus,
Deputy Assistant Secretary for Policy and Negotiations, Performing the
Non-Exclusive Functions and Duties of the Assistant Secretary for
Enforcement and Compliance.
Appendix
List of Issues Addressed in the Issues and Decision Memorandum
I. Summary
II. Background
III. Scope of the Order
IV. History of the Order
V. Legal Framework
VI. Discussion of the Issues
1. Likelihood of Continuation or Recurrence of Countervailable
Subsidies
2. Net Countervailable Subsidy Rates Likely to Prevail
3. Nature of the Subsidies
VII. Final Results of Review
VIII. Recommendation
[FR Doc. 2021-28556 Filed 1-4-22; 8:45 am]
BILLING CODE 3510-DS-P
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