Notice2026-04328
Certain Cold-Rolled Steel Flat Products From Republic of Korea: Preliminary Results and Rescission, in Part, of Countervailing Duty Administrative Review; 2023
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Published
March 5, 2026
Issuing agencies
Commerce DepartmentInternational Trade Administration
Abstract
The U.S. Department of Commerce (Commerce) preliminarily determines that countervailable subsidies were provided to Hyundai Steel Company (Hyundai Steel) and POSCO of certain cold-rolled steel flat products (cold-rolled steel) from the Republic of Korea (Korea). The period of review (POR), is January 1, 2023, through December 31, 2023. In addition, Commerce is rescinding this review, in part, with respect to 46 companies. Interested parties are invited to comment on these preliminary results.
Full Text
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<title>Federal Register, Volume 91 Issue 43 (Thursday, March 5, 2026)</title>
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[Federal Register Volume 91, Number 43 (Thursday, March 5, 2026)]
[Notices]
[Pages 10795-10797]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-04328]
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DEPARTMENT OF COMMERCE
International Trade Administration
[C-580-882]
Certain Cold-Rolled Steel Flat Products From Republic of Korea:
Preliminary Results and Rescission, in Part, of Countervailing Duty
Administrative Review; 2023
AGENCY: Enforcement and Compliance, International Trade Administration,
Department of Commerce.
SUMMARY: The U.S. Department of Commerce (Commerce) preliminarily
determines that countervailable subsidies were provided to Hyundai
Steel Company (Hyundai Steel) and POSCO of certain cold-rolled steel
flat products (cold-rolled steel) from the Republic of Korea (Korea).
The period of review (POR), is January 1, 2023, through December 31,
2023. In addition, Commerce is rescinding this review, in part, with
respect to 46 companies. Interested parties are invited to comment on
these preliminary results.
DATES: Applicable March 5, 2026.
FOR FURTHER INFORMATION CONTACT: Christopher Doyle or Seth Brown, 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) 482-5882 or (202)
482-0029, respectively.
SUPPLEMENTARY INFORMATION:
Background
On October 17, 2024, based on timely requests for review, Commerce
initiated this administrative review of the countervailing duty order
on cold-rolled steel from Korea.\1\ On November 26, 2024, Commerce
selected Hyundai Steel and POSCO as the mandatory respondents in this
review.\2\
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\1\ See Initiation of Antidumping and Countervailing Duty
Administrative Reviews, 89 FR 83644 (October 17, 2024); see also
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).
\2\ See Memorandum, ``Respondent Selection,'' dated November 26,
2024.
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On December 9, 2024, Commerce tolled certain deadlines in this
administrative proceeding by 90 days.\3\ On August 12, 2025, Commerce
postponed the preliminary results of this administrative review by 73
days.\4\ Further, due to the lapse in appropriations and Federal
Government shutdown, on November 14, 2025, Commerce tolled all
deadlines in administrative proceedings by 47 days.\5\ Additionally,
due to a backlog of documents that were electronically filed via
Enforcement and Compliance's Antidumping and Countervailing Duty
Centralized Electronic Service System (ACCESS) during the Federal
Government shutdown, on November 24, 2025, Commerce tolled all
deadlines in administrative proceedings by an
[[Page 10796]]
additional 21 days.\6\ On January 13, 2026, Commerce postponed the
preliminary results of this review by an additional 30 days.\7\
Finally, on February 9, 2026, Commerce postponed the preliminary
results of this review by an additional nine days, until February 27,
2026.\8\
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\3\ See Memorandum, ``Tolling of Deadlines for Antidumping and
Countervailing Duty Proceedings,'' dated December 9, 2024.
\4\ See Memorandum, ``Extension of Deadline for Preliminary
Results of 2023 Countervailing Duty Administrative Review,'' dated
August 12, 2025.
\5\ See Memorandum, ``Deadlines Affected by the Shutdown of the
Federal Government,'' dated November 14, 2025.
\6\ See Memorandum, ``Tolling of all Case Deadlines,'' dated
November 24, 2025.
\7\ See Memorandum, ``Extension of Deadline for Preliminary
Results of 2023 Countervailing Duty Administrative Review,'' dated
January 13, 2026.
\8\ See Memorandum, ``Extension of Deadline for Preliminary
Results of 2023 Countervailing Duty Administrative Review,'' dated
February 9, 2026.
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For a complete description of the events that followed the
initiation of this review, see the Preliminary Decision Memorandum.\9\
A list of topics included in the Preliminary Decision Memorandum is
provided as the appendix to this notice. The Preliminary Decision
Memorandum is a public document and is on file electronically via
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 Preliminary
Decision Memorandum can be accessed directly at <a href="https://access.trade.gov/public/FRNoticesListLayout.aspx">https://access.trade.gov/public/FRNoticesListLayout.aspx</a>.
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\9\ See Memorandum, ``Decision Memorandum for the Preliminary
Results of the Countervailing Duty Administrative Review of Certain
Cold-Rolled Steel Flat Products from the Republic of Korea; 2023,''
dated concurrently with, and hereby adopted by, this notice
(Preliminary Decision Memorandum).
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Scope of the Order
The product covered by the Order is cold-rolled steel from Korea.
For a complete description of the scope of the Order, see the
Preliminary Decision Memorandum.
Rescission of Administrative Review, in Part
In accordance with 19 CFR 351.213(d)(1), Commerce will rescind an
administrative review, in whole or in part, if all parties that
requested the review withdraw their requests within 90 days of the date
of publication of the notice of initiation of the requested review.
Commerce received timely-filed withdrawal requests with respect to 46
companies, pursuant to 19 CFR 351.213(d)(1). Because the withdrawal
requests were timely filed, and no other parties requested a review of
these companies, in accordance with 19 CFR 351.213(d)(1), Commerce is
rescinding this review of the Order with respect to these 46 companies.
For a list of these companies with timely-filed withdrawal of review
requests, see Appendix II.
Methodology
Commerce is conducting this administrative review in accordance
with 751(a)(1)(A) of the Tariff Act of 1930, as amended (the Act). For
each of the subsidy programs found countervailable, Commerce
preliminarily determines that there is a subsidy, i.e., a financial
contribution by an ``authority'' that gives rise to a benefit to the
recipient, and that the subsidy is specific.\10\ For a full description
of the methodology underlying our conclusions, see the Preliminary
Decision Memorandum.
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\10\ 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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Preliminary Results of Review
As a result of this review, we preliminarily determine the
following net countervailable subsidy rates exist for the POR, January
1, 2023, through December 31, 2023:
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Subsidy rate
Company (percent ad
valorem)
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Hyundai Steel Company \11\.............................. 1.28
POSCO \12\.............................................. 3.67
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Disclosure
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\11\ As discussed in the Preliminary Determination Memorandum,
Commerce has found Hyundai Green Power to be cross-owned with
Hyundai Steel.
\12\ As discussed in the Preliminary Decision Memorandum,
Commerce has found the following companies to be cross-owned with
POSCO: POSCO Holdings, POSCO M-Tech, POSCO Future M, and POSCO
Mobility Solutions. We note that POSCO has an affiliated trading
company through which it exported certain subject merchandise, POSCO
International Corporation (POSCO International). Therefore, because
POSCO International's subsidies are included as part of POSCO's
total subsidy rate, we have not assigned a subsidy rate to POSCO
International. Entries of subject merchandise exported by POSCO
International will receive the rate of the producer listed on the
U.S. Customs and Border Protection (CBP) entry form.
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Commerce intends to disclose its calculations performed to
interested parties for these preliminary results 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 accordance with
19 CFR 351.224(b).
Public Comment
Pursuant to 19 CFR 351.309(c), interested parties may submit case
briefs to Commerce no later than 21 days after the date of publication
of this notice. Rebuttal briefs, limited to issues raised in the case
briefs, may be filed not later than five days after the date for filing
case briefs.\13\ Interested parties who submit case briefs or rebuttal
briefs in this proceeding must submit: (1) a table of contents listing
each issue; and (2) a table of authorities.\14\ All briefs must be
filed electronically using ACCESS. An electronically filed document
must be received successfully in its entirety in ACCESS by 5:00 p.m.
Eastern Time on the established deadline.
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\13\ See 19 CFR 351.309(d); see also Administrative Protective
Order, Service, and Other Procedures in Antidumping and
Countervailing Duty Proceedings, 88 FR 67069, 67077 (September 29,
2023) (APO and Service Procedures).
\14\ See 19 CFR 351.309(c)(2) and (d)(2).
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As provided under 19 CFR 351.309(c)(2)(iii) and (d)(2)(iii), we
request that interested parties provide at the beginning of their
briefs a public, executive summary for each issue raised in their
briefs.\15\ Further, we request that interested parties limit their
executive summary of each issue to no more than 450 words, not
including citations. We intend to use the executive summaries as the
basis of the comment summaries included in the issues and decision
memorandum that will accompany the final results in this administrative
review. We request that interested parties include footnotes for
relevant citations in the executive summary of each issue. Note that
Commerce has amended certain of its requirements pertaining to the
service of documents in 19 CFR 351.303(f).\16\
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\15\ We use the term ``issue'' here to describe an argument that
Commerce would normally address in a comment of the Issues and
Decision Memorandum.
\16\ See APO and Service Procedures.
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Pursuant to 19 CFR 351.310(c), interested parties who wish to
request a hearing must submit a written request to the Assistant
Secretary for Enforcement and Compliance, filed electronically via
ACCESS by 5:00 p.m. Eastern Time within 30 days after the date of
publication of this notice. Requests should contain: (1) the party's
name, address, and telephone number; (2) the number of participants;
and (3) a list of issues to be discussed. Oral presentations at the
hearing will be limited to issues raised in the briefs. If a request
for a hearing is made, Commerce will inform parties of the scheduled
date for the hearing.\17\
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\17\ See 19 CFR 351.310(d).
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Verification
On January 16, 2025, Nucor Corporation, a domestic interested
party, requested that Commerce conduct verification of Hyundai Steel's
responses. Accordingly, in July 2025, as provided in section 782(i)(3)
of the Act, we verified Hyundai Steel's information relied upon for the
preliminary results of this review.
Assessment Rates
Consistent with section 751(a)(1) of the Act and 19 CFR
351.212(b)(2), upon
[[Page 10797]]
issuance of the final results, Commerce shall determine, and CBP shall
assess, countervailing duties on all appropriate entries covered by
this review.
For the companies listed in Appendix II for which the review is
being rescinded, Commerce will instruct CBP to assess countervailing
duties on all appropriate entries at a rate equal to the cash deposit
of estimated countervailing duties required at the time of entry, or
withdrawal from warehouse, for consumption, during the period January
1, 2023, through December 31, 2023, in accordance with 19 CFR
351.212(c)(1)(i). Commerce intends to issue rescission instructions to
CBP no earlier than 35 days after the date of publication of this
notice in the Federal Register.
For the companies remaining under review, Commerce will instruct
CBP to assess countervailing duties on all appropriate entries at the
subsidy rates calculated in the final results of this review. 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 Requirements
Pursuant to section 751(a)(2)(C) of the Act, Commerce intends to
instruct CBP to collect cash deposits of estimated countervailing
duties in the amount indicated above with regard to shipments of
subject merchandise entered, or withdrawn from warehouse, for
consumption on or after the date of publication of the final results of
this review. If the rates calculated in the final results are zero or
de minimis, no cash deposit will be required on shipments of the
subject merchandise entered or withdrawn from warehouse, for
consumption on or after the date of publication of this review. For all
non-reviewed firms, we will instruct CBP to continue to collect cash
deposits of estimated countervailing duties at the most recent company-
specific or all-others rate applicable to the company, as appropriate.
These cash deposit instructions, when imposed, shall remain in effect
until further notice.
Final Results of Review
Unless the deadline is extended, we intend to issue the final
results of this administrative review, which will include the results
of our analysis of the issues raised in the case briefs, within 120
days of publication of these preliminary results in the Federal
Register, pursuant to section 751(a)(3)(A) of the Act.
Notification to Interested Parties
We are issuing and publishing these preliminary results in
accordance with sections 751(a)(1) and 777(i)(1) of the Act, and 19 CFR
351.221(b)(4).
Dated: February 27, 2026.
Christopher Abbott,
Deputy Assistant Secretary for Policy and Negotiations, performing the
non-exclusive functions and duties of the Assistant Secretary for
Enforcement and Compliance.
Appendix I
List of Topics Discussed in the Preliminary Decision Memorandum
I. Summary
II. Background
III. Scope of the Order
IV. Diversification of the Republic of Korea's Economy
V. Subsidies Valuation Information
VI. Benchmarks and Interest Rates
VII. Analysis of Programs
VIII. Recommendation
Appendix II
Companies Rescinded From Review
1. AJU Steel Co., Ltd.
2. Amerisource Korea
3. BC Trade
4. Busung Steel Co., Ltd.
5. Cenit Co., Ltd.
6. Daewoo Logistics Corp.
7. Dai Yang Metal Co., Ltd.
8. DK GNS Co., Ltd.
9. Dong Jin Machinery
10. Dongbu Incheon Steel Co., Ltd.
11. Dongbu Steel Co., Ltd.
12. Dongkuk Industries Co., Ltd.
13. Dongkuk Steel Mill Co., Ltd.
14. Eunsan Shipping and Air Cargo Co., Ltd.
15. Euro Line Global Co., Ltd.
16. Golden State Corp.
17. GS Global Corp.
18. Hanawell Co., Ltd.
19. Hankum Co., Ltd.
20. Hyosung TNC Corp.
21. Hyuk San Profile Co., Ltd.
22. Hyundai Group
23. Iljin NTS Co., Ltd.
24. Iljin Steel Corp.
25. Jeen Pung Industrial Co., Ltd.
26. JS Steel Co. Ltd.
27. JT Solution
28. KG Dongbu Steel Co., Ltd. (formerly Dongbu Steel Co., Ltd.)
29. Kolon Global Corporation
30. Nauri Logistics Co., Ltd.
31. Okaya (Korea) Co., Ltd.
32. PL Special Steel Co., Ltd.
33. POSCO C&C., Ltd.
34. POSCO Daewoo Corp.
35. Samsung C&T Corp.
36. Samsung STS Co., Ltd.
37. SeAH Steel Corp.
38. SK Networks Co., Ltd.
39. SM Automotive Ltd.
40. Taihan Electric Wire Co., Ltd.
41. TGS Pipe Co., Ltd.
42. TI Automotive Ltd.
43. Topco Global Co., Ltd.
44. Union Steel Co., Ltd.
45. Xeno Energy
46. Young Steel Co., Ltd.
[FR Doc. 2026-04328 Filed 3-4-26; 8:45 am]
BILLING CODE 3510-DS-P
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