Notice2025-15472
Certain Hot-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
August 14, 2025
Issuing agencies
Commerce DepartmentInternational Trade Administration
Abstract
The U.S. Department of Commerce (Commerce) determines that Hyundai Steel Company (Hyundai Steel) and POSCO, producers/exporters of certain hot-rolled steel flat products (hot-rolled steel) from the Republic of Korea (Korea), received countervailable subsidies during the period of review January 1, 2022, through December 31, 2022.
Full Text
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<title>Federal Register, Volume 90 Issue 155 (Thursday, August 14, 2025)</title>
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[Federal Register Volume 90, Number 155 (Thursday, August 14, 2025)]
[Notices]
[Pages 39181-39183]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-15472]
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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 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 Company (Hyundai Steel) and POSCO, producers/exporters of
certain hot-rolled steel flat products (hot-rolled steel) from the
Republic of Korea (Korea), received countervailable subsidies during
the period of review January 1, 2022, through December 31, 2022.
DATES: Applicable August 14, 2025.
FOR FURTHER INFORMATION CONTACT: Nathan James or Kelsie Hohenberger,
AD/CVD Operations, Office V, Enforcement and Compliance,
[[Page 39182]]
International Trade Administration, U.S. Department of Commerce, 1401
Constitution Avenue NW, Washington, DC 20230; telephone: (202) 482-5305
or (202) 482-2517, respectively.
SUPPLEMENTARY INFORMATION:
Background
On November 13, 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 review by 90 days.\2\ On May
30, 2025, Commerce extended the deadline for issuing the final results
until August 8, 2025.\3\ For a complete description of the events that
occurred since the Preliminary Results, see the Issues and Decision
Memorandum.\4\
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\1\ See Certain Hot-Rolled Steel Flat Products from the Republic
of Korea: Preliminary Results and Partial Rescission of
Countervailing Duty Administrative Review, 2022, 89 FR 89610
(November 13, 2024) (Preliminary Results), and accompanying
Preliminary Decision Memorandum (PDM).
\2\ See Memorandum, ``Tolling of Deadlines for Antidumping and
Countervailing Duty Proceedings,'' dated December 9, 2024.
\3\ See Memorandum, ``Extension of Deadline for Final Results of
Countervailing Duty Administrative Review,'' dated May 30, 2025.
\4\ See Memorandum, ``Issues and Decision Memorandum for the
Final Results of the Countervailing Duty Administrative Review of
Certain Hot-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>5</SUP>
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\5\ 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) (Order).
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The merchandise covered by this Order is hot-rolled steel from
Korea. For a complete description of the scope of the Order, see the
Issues and Decision Memorandum.
Analysis of Comments Received
We addressed all issues raised in interested parties' case briefs
in the Issues and Decision Memorandum. A list of the issues raised by
parties, to which Commerce responded in the Issues and Decision
Memorandum, is provided 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 calculations from the
Preliminary Results.\6\
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\6\ For a discussion of these comments, 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.\7\ For a full description of the methodologies underlying all
of Commerce's conclusions, see the Issues and Decision Memorandum.
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\7\ 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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Subsidy rate
Producer/exporter (percent ad
valorem)
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Hyundai Steel Company \8\............................... 2.21
POSCO \9\............................................... 1.47
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Disclosure
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\8\ As discussed in the Preliminary Results PDM, Commerce has
found Hyundai Green Power Co., Ltd. to be cross-owned with Hyundai
Steel Company.
\9\ As discussed in the Preliminary Results PDM, Commerce has
found the following companies to be cross-owned with POSCO: POSCO
Holdings, POSCO International Corporation, POSCO Chemical, POSCO M-
Tech, Pohang Scrap Recycling Distribution Center Co. Ltd.; POSCO
Nippon Steel RHF Joint Venture Co., Ltd.; and POSCO Mobility
Solutions.
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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 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).
[[Page 39183]]
Dated: August 8, 2025.
Christopher Abbott,
Acting 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 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) Program 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
VII. Recommendation
[FR Doc. 2025-15472 Filed 8-13-25; 8:45 am]
BILLING CODE 3510-DS-P
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