Notice2026-09692
Certain Carbon and Alloy Steel Cut-to-Length Plate From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2023
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 14, 2026
Issuing agencies
Commerce DepartmentInternational Trade Administration
Abstract
The U.S. Department of Commerce (Commerce) determines that POSCO Co., Ltd. (POSCO), a producer and exporter of certain carbon and alloy steel cut-to-length plate (CTL plate) from the Republic of Korea (Korea), received countervailable subsidies during the period of review (POR) from January 1, 2023, through December 31, 2023.
Full Text
<html>
<head>
<title>Federal Register, Volume 91 Issue 93 (Thursday, May 14, 2026)</title>
</head>
<body><pre>
[Federal Register Volume 91, Number 93 (Thursday, May 14, 2026)]
[Notices]
[Pages 27264-27266]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-09692]
-----------------------------------------------------------------------
DEPARTMENT OF COMMERCE
International Trade Administration
[C-580-888]
Certain Carbon and Alloy Steel Cut-to-Length Plate From the
Republic of Korea: Final Results of Countervailing Duty Administrative
Review; 2023
AGENCY: Enforcement and Compliance, International Trade Administration,
Department of Commerce.
SUMMARY: The U.S. Department of Commerce (Commerce) determines that
POSCO Co., Ltd. (POSCO), a producer and exporter of certain carbon and
alloy steel cut-to-length plate (CTL plate) from the Republic of Korea
(Korea), received countervailable subsidies during the period of review
(POR) from January 1, 2023, through December 31, 2023.
DATES: Applicable May 14, 2026.
FOR FURTHER INFORMATION CONTACT: Rachel Accorsi or Joshua Nixon, AD/CVD
Operations, Office VIII, Enforcement and Compliance, International
Trade Administration, U.S. Department of Commerce, 1401 Constitution
Avenue NW, Washington, DC 20230; telephone: (202) 482-3149 or (202)
482-8361, respectively.
SUPPLEMENTARY INFORMATION:
Background
On September 11, 2025, Commerce published the Preliminary Results
of this administrative review in the Federal Register.\1\ Due to the
lapse in appropriations and Federal Government shutdown, on November
14, 2025, Commerce tolled all deadlines in administrative proceedings
by 47 days.\2\ Additionally, due to a backlog of documents that were
electronically filled 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 additional 21
days.\3\ On February 3, 2026, Commerce extended the deadline for the
final results of this review an
[[Page 27265]]
additional 51 days.\4\ Accordingly, the deadline for these final
results is now May 8, 2026.\5\
---------------------------------------------------------------------------
\1\ See Certain Carbon and Alloy Steel Cut-to-Length Plate from
the Republic of Korea: Preliminary Results and Partial Rescission of
Countervailing Duty Administrative Review; 2023, 90 FR 44022
(September 11, 2025) (Preliminary Results), and accompanying
Preliminary Decision Memorandum.
\2\ See Memorandum, ``Deadlines Affected by the Shutdown of the
Federal Government,'' dated November 14, 2025.
\3\ See Memorandum, ``Tolling of All Case Deadlines,'' dated
November 24, 2025.
\4\ See Memorandum, ``Extension of Deadline for Final Results of
Countervailing Duty Administrative Review,'' dated February 3, 2026.
\5\ Id.
---------------------------------------------------------------------------
For a complete description of the events that followed the
Preliminary Results, see the Issues and Decision Memorandum.\6\ The
Issues and 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 Issues
and Decision Memorandum can be accessed directly at <a href="https://access.trade.gov/frnotices">https://access.trade.gov/frnotices</a>.
---------------------------------------------------------------------------
\6\ See Memorandum, ``Issues and Decision Memorandum for the
Final Results of the Countervailing Duty Administrative Review of
Certain Carbon and Alloy Steel Cut-to-Length Plate from the Republic
of Korea; 2023,'' dated concurrently with, and hereby adopted by,
this notice (Issues and Decision Memorandum).
---------------------------------------------------------------------------
Scope of the Order \7\
---------------------------------------------------------------------------
\7\ See Certain Carbon and Alloy Steel Cut-to-Length Plate from
the Republic of Korea: Countervailing Duty Order, 82 FR 24103 (May
25, 2017) (Order).
---------------------------------------------------------------------------
The merchandise covered by the Order is CTL plate. For a complete
description of the scope of the Order, see the Issues and Decision
Memorandum.
Analysis of Comments Received
All issues raised in interested parties' briefs are addressed in
the Issues and Decision Memorandum. A list of the issues addressed in
the Issues and Decision Memorandum is provided in the appendix to this
notice.
Changes Since the Preliminary Results
Based on our analysis of the case and rebuttal briefs and the
evidence on the record, we made certain changes to POSCO's
countervailable subsidy calculations from the Preliminary Results.
These changes are explained in the Issues and Decision Memorandum.
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.\8\ For a full description of the methodology underlying
Commerce's conclusions, see the Issues and Decision Memorandum.
---------------------------------------------------------------------------
\8\ 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.
---------------------------------------------------------------------------
Verification
As provided in section 782(i) of the Act, and pursuant to 19 CFR
351.307(b)(1)(iv), in March 2026, Commerce conducted verification of
the subsidy information reported by POSCO. We used standard
verification procedures, including an examination of relevant sales and
accounting records, and original source documents provided by the
respondent.\9\
---------------------------------------------------------------------------
\9\ See Memorandum, ``Verification of the Questionnaire
Responses of POSCO and POSCO International,'' dated March 27, 2026.
---------------------------------------------------------------------------
Final Results of Review
In accordance with 19 CFR 351.221(b)(5), we determine the following
net countervailable subsidy rate exists for the POR January 1, 2023,
through December 31, 2023:
---------------------------------------------------------------------------
\10\ As discussed in the Preliminary Results, Commerce found the
following companies to be cross-owned with POSCO: POSCO Holdings
Inc.; POSCO Future M Co., Ltd.; POSCO Mobility Solution Co., Ltd.;
POSCO M-Tech Co., Ltd.; and POSCO Nippon Steel RHF Joint Venture
Co., Ltd. The subsidy rate applies to all cross-owned companies. We
note that POSCO has an affiliated trading company through which it
exported certain subject merchandise during the POR, POSCO
International (aka POSCO International Corporation). POSCO
International was not selected as a mandatory respondent but was
examined in the context of POSCO. Therefore, there is not an
established countervailing duty rate for POSCO International; POSCO
International's subsidies are accounted for in POSCO's total subsidy
rate. Instead, 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. Thus, the
subsidy rate applied to POSCO and POSCO's cross-owned companies is
also applied to POSCO International for entries of subject
merchandise produced by POSCO.
------------------------------------------------------------------------
Subsidy rate
Producer/exporter (percent ad
valorem)
------------------------------------------------------------------------
POSCO Co., Ltd.\10\.................................... 3.70
------------------------------------------------------------------------
Disclosure
Commerce intends to disclose its calculations and analysis
performed in connection with these final results to interested parties
within five days of its 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).
Assessment Rates
Pursuant to section 751(a)(2)(C) of the Act and 19 CFR
351.212(b)(2), Commerce has determined, and 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 company at the applicable ad valorem assessment rate listed for
the POR (i.e., January 1, 2023, to December 31, 2023). We intend 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
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 amount shown for the company listed above based on
shipments of subject merchandise entered, or withdrawn from warehouse,
for consumption on or after the date of publication of the final
results of this administrative review.\11\ For all non-reviewed firms
subject to the Order, we will instruct CBP to continue to collect cash
deposits of estimated countervailing duties at the most recent company-
specific rate or the all-others rate (i.e., 3.72 percent), as
appropriate.\12\ These cash deposit requirements, effective upon
publication of these final results, shall remain in effect until
further notice.
---------------------------------------------------------------------------
\11\ See, e.g., Honey from Argentina: Results of Countervailing
Duty Administrative Review, 69 FR 29518 (May 24, 2004), and
accompanying Issues and Decision Memorandum at Issue 4.
\12\ See Order, 82 FR at 24103.
---------------------------------------------------------------------------
Administrative Protective Order (APO)
This notice also serves as a reminder to parties subject to an 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 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 final results of administrative
review and notice in accordance with sections 751(a)(1) and 777(i) of
the Act, and 19 CFR 351.221(b)(5) and 19 CFR 351.213(h)(2).
[[Page 27266]]
Dated: May 8, 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
List of Topics Discussed in the Issues and Decision Memorandum
I. Summary
II. Background
III. Scope of the Order
IV. Subsidies Valuation Information
V. Analysis of Programs
VI. Discussion of the Comments
Comment 1: Whether the Provision of Electricity is Subsidized by
the Government of Korea
Comment 2: Whether the Provision of Korea Emissions Trading
System Permits is Countervailable
Comment 3: Whether Commerce Incorrectly Attributed Electricity
for More Than Adequate Remuneration (MTAR) Benefits Received by
POSCO International to the Production of Subject Merchandise
Comment 4: Whether the Benchmark Selected for the Electricity
for MTAR Program is Appropriate
Comment 5: Whether Commerce Should Correct Errors in its
Calculation of POSCO International's Benefit under the Electricity
for MTAR Program
Comment 6: Whether POSCO International's Korea Export-Import
Bank Overseas Investment Credit Program Loan is Tied to the
Production of Non-Subject Merchandise
VII. Recommendation
[FR Doc. 2026-09692 Filed 5-13-26; 8:45 am]
BILLING CODE 3510-DS-P
</pre></body>
</html>Indexed from Federal Register on May 14, 2026.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.