Notice2025-08812
Certain Cold-Rolled Steel Flat Products From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2022
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 16, 2025
Issuing agencies
Commerce DepartmentInternational Trade Administration
Abstract
The U.S. Department of Commerce (Commerce) determines that Hyundai Steel Co., Ltd. (Hyundai Steel) and POSCO/POSCO International Corporation (POSCO International) (collectively POSCO), producers/ exporters of certain cold-rolled steel flat products (cold-rolled steel) from the Republic of Korea (Korea), received countervailable subsidies during the period of review (POR) January 1, 2022, through December 31, 2022.
Full Text
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<title>Federal Register, Volume 90 Issue 94 (Friday, May 16, 2025)</title>
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[Federal Register Volume 90, Number 94 (Friday, May 16, 2025)]
[Notices]
[Pages 21010-21011]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-08812]
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DEPARTMENT OF COMMERCE
International Trade Administration
[C-580-882]
Certain Cold-Rolled Steel Flat Products From the Republic of
Korea: Final Results of Countervailing Duty Administrative Review; 2022
AGENCY: Enforcement and Compliance, International Trade Administration,
Department of Commerce.
SUMMARY: The U.S. Department of Commerce (Commerce) determines that
Hyundai Steel Co., Ltd. (Hyundai Steel) and POSCO/POSCO International
Corporation (POSCO International) (collectively POSCO), producers/
exporters of certain cold-rolled steel flat products (cold-rolled
steel) from the Republic of Korea (Korea), received countervailable
subsidies during the period of review (POR) January 1, 2022, through
December 31, 2022.
DATES: Applicable May 16, 2025.
FOR FURTHER INFORMATION CONTACT: Samuel Evans, AD/CVD Operations,
Office IX, Enforcement and Compliance, International Trade
Administration, U.S. Department of Commerce, 1401 Constitution Avenue
NW, Washington, DC 20230; telephone: (202) 482-2420.
SUPPLEMENTARY INFORMATION:
Background
On October 11, 2024, Commerce published the Preliminary Results of
this administrative review in the Federal Register and invited
interested parties to comment.\1\ On December 9, 2024, Commerce tolled
certain deadlines in this administrative proceeding by 90 days. The
deadline for issuing these final results is now May 9, 2025. For a
complete description of the events that occurred since the Preliminary
Results, see the Issues and Decision Memorandum.\3\
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\1\ See Certain Cold-Rolled Steel Flat Products from the
Republic of Korea: Preliminary Results and Partial Rescission of
Countervailing Duty Administrative Review; 2022, 89 FR 82566
(October 11, 2024) (Preliminary Results), and accompanying
Preliminary Decision Memorandum (PDM).
\3\ See Memorandum, ``Issues and Decision Memorandum for the
Final Results of the Countervailing Duty Administrative Review of
Certain Cold-Rolled Steel Flat Products from the Republic of Korea;
2022,'' dated concurrently with, and hereby adopted by, this notice
(Issues and Decision Memorandum).
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Scope of the Order <SUP>4</SUP>
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\4\ See Certain Cold-Rolled Steel Flat Products from Brazil,
India, and the Republic of Korea: Amended Final Affirmative
Countervailing Duty Determination and Countervailing Duty Order (the
Republic of Korea) and Countervailing Duty Orders (Brazil and
India), 81 FR 64436 (September 20, 2016) (Order).
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The merchandise covered by this Order is cold-rolled steel from
Korea. For a complete description of the scope of the Order, see Issues
and Decision Memorandum.
Analysis of Comments Received
All issues raised in interested parties' case briefs are addressed
in the Issues and Decision Memorandum. A list of the issues addressed
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>.
Changes Since the Preliminary Results
Based on comments received from interested parties, we made certain
changes to POSCO's countervailable subsidy rate calculation from the
Preliminary Results.\5\
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\5\ For a full description of these revisions, see the Issues
and Decision Memorandum.
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Methodology
Commerce conducted this review in accordance with section
751(a)(1)(A) of the Tariff Act of 1930, as amended (the Act). For each
of the subsidy programs found countervailable, we find that there is a
subsidy, i.e., a government-provided financial contribution that gives
rise to a benefit to the recipient, and that the subsidy is
specific.\6\ For a full description of the methodologies underlying all
of Commerce's conclusions, see the Issues and Decision Memorandum.
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\6\ See sections 771(5)(B) and (D) of the Act regarding
financial contribution; section 771(5)(E) of the Act regarding
benefit; and section 771(5A) of the Act regarding specificity.
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Final Results of Administrative Review
We determine that, for the period January 1, 2022, through December
31, 2022, the following total net countervailable subsidy rates exist:
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\7\ As discussed in the Preliminary Results PDM, Commerce has
found the following companies to be cross-owned with Hyundai Steel:
Hyundai ITC and Hyundai Green Power Co. Ltd.
\8\ As discussed in the Preliminary Results PDM, Commerce has
found the following companies to be cross-owned with POSCO: POSCO
Chemical Co., Ltd.; POSCO M-Tech; Pohang Scrap Recycling
Distribution Center Co., Ltd.; POSCO Nippon Steel RHF Joint Venture
Co., Ltd.; POSCO Holdings; and POSCO Mobility Solution. We note that
POSCO also exported certain subject merchandise through an
affiliated trading company, POSCO International. We examined POSCO
International in the context of POSCO, and POSCO International's
subsidies are accounted for in POSCO's total subsidy rate.
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Subsidy rate
Producer/exporter (percent ad
valorem)
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Hyundai Steel Company \7\............................... 2.21
POSCO/POSCO International Corporation \8\............... 1.47
KG Dongbu Steel Co., Ltd................................ 1.73
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Disclosure
Commerce intends to disclose the calculations performed for these
final results of review within five days of any public announcement or,
if there is no public announcement, within five days of the date of
publication of this notice in the Federal Register, in accordance with
19 CFR 351.224(b).
Assessment Rates
Pursuant to section 751(a)(2)(C) of the Act and 19 CFR
351.212(b)(2), Commerce has determined, and U.S. Customs and Border
Protection (CBP) shall assess, countervailing duties on all appropriate
entries of subject merchandise in accordance with the final results of
this review, for the above-listed companies at the applicable ad
valorem assessment rates listed. Commerce intends to issue assessment
instructions to CBP no earlier than 35 days after the date of
publication of the final results of this review in the Federal
Register. If a timely summons is
[[Page 21011]]
filed at the U.S. Court of International Trade, the assessment
instructions will direct CBP not to liquidate relevant entries until
the time for parties to file a request for a statutory injunction has
expired (i.e., within 90 days of publication).
Cash Deposit Rates
In accordance with section 751(a)(1) of the Act, Commerce intends
to instruct CBP to collect cash deposits of estimated countervailing
duties in the amounts shown for the companies listed above on shipments
of the subject merchandise entered, or withdrawn from warehouse for
consumption on or after the date of publication of the final results of
this administrative review. For all non-reviewed firms, we will
instruct CBP to continue to collect cash deposits of estimated
countervailing duties at the all-others rate or most recent company-
specific rate applicable to the company, as appropriate. These cash
deposits, when imposed, shall remain in effect until further notice.
Administrative Protective Order
This notice also serves as a final reminder to parties subject to
administrative protective order (APO) of their responsibility
concerning the return or destruction of proprietary information
disclosed under APO in accordance with 19 CFR 351.305(a)(3). Timely
written notification of the return/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
These final results are issued and published in accordance with
sections 751(a)(1) and 777(i)(1) of the Act, and 19 CFR 351.221(b)(5).
Dated: May 9, 2025.
Abdelali Elouaradia,
Deputy Assistant Secretary for Enforcement and Compliance.
Appendix
List of Topics Discussed in the Issues and Decision Memorandum
I. Summary
II. Background
III. Scope of the Order
IV. Subsidies Valuation
V. Analysis of Programs
VI. Discussion of the Issues
Comment 1a: Whether Electricity Is Subsidized by the Government
of Korea (GOK)
Comment 1b: Whether the Provision of Electricity for Less-Than-
Adequate-Remuneration (LTAR) Program is De Facto Specific
Comment 2: Whether the Provision of Korea Emissions Trading
System (K-ETS) Permits is Countervailable
Comment 3: Whether the Benchmark Calculation for Electricity for
More Than Adequate Remuneration (MTAR) Correctly Reflects the Volume
of Electricity Purchased
Comment 4: Whether Certain Tax Exemptions, Import Duty
Exemptions, and Loans are Tied to the Production of Non-Subject
Merchandise
Comment 5: Whether to Modify the Calculation of the Benefit to
POSCO Under the Industrial Technology Innovation and Promotion Act
(ITIPA) Program
VII. Recommendation
[FR Doc. 2025-08812 Filed 5-15-25; 8:45 am]
BILLING CODE 3510-DS-P
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