Notice2026-17768
Certain Cold-Rolled Steel Flat Products 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
September 1, 2026
Issuing agencies
Commerce DepartmentInternational Trade Administration
Abstract
The U.S. Department of Commerce (Commerce) determines Hyundai Steel Company (Hyundai Steel) and 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, 2023, through December 31, 2023.
Full Text
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<title>Federal Register, Volume 91 Issue 168 (Tuesday, September 1, 2026)</title>
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[Federal Register Volume 91, Number 168 (Tuesday, September 1, 2026)]
[Notices]
[Pages 56130-56132]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-17768]
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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; 2023
AGENCY: Enforcement and Compliance, International Trade Administration,
Department of Commerce.
SUMMARY: The U.S. Department of Commerce (Commerce) determines Hyundai
Steel Company (Hyundai Steel) and 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, 2023, through December 31, 2023.
DATES: Applicable September 1, 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 March 5, 2026, Commerce published the Preliminary Results of
this administrative review in the Federal Register and invited
interested parties to comment.\1\ On June 16 and
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July 23, 2026, Commerce extended the deadline for the final results of
this review to no later than August 25, 2026.\2\ 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 Republic of
Korea: Preliminary Results and Rescission, in Part, of
Countervailing Duty Administrative Review; 2023, 91 FR 10795 (March
5, 2026) (Preliminary Results), and accompanying Preliminary
Decision Memorandum (PDM).
\2\ See Memoranda, ``Extension of Deadline for Final Results of
Countervailing Duty Administrative Review,'' dated June 16, 2026;
and ``Extension of Deadline for Final Results of 2023 Countervailing
Duty Administrative Review,'' dated July 23, 2026.
\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;
2023,'' 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 the case briefs and rebuttal 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 ACCESS, which 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>.
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 to be 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.\5\ For a full description of the methodology underlying all
of Commerce's conclusions, see the Issues and Decision Memorandum.
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\5\ 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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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. For a discussion of these changes, see the Issues
and Decision Memorandum.
Final Results of Review
We determine the following net countervailable subsidy rates exist
for the period January 1, 2023, through December 31, 2023.
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\6\ As discussed in the Preliminary Results PDM, Commerce has
found Hyundai Green Power Co. Ltd to be cross-owned with Hyundai
Steel.
\7\ As discussed in the Preliminary Results PDM, Commerce has
found the following companies to be cross-owned with POSCO: POSCO
Future M; POSCO Holdings; POSCO M-Tech, POSCO Nippon Steel RHF Joint
Venture Co., Ltd., and POSCO Mobility Solutions. We note that POSCO
also exported certain subject merchandise through an affiliated
trading company, POSCO International Corporation (POSCO
International). We examined POSCO International in the context of
POSCO, and POSCO International's subsidies are included in POSCO's
total subsidy rate.
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Subsidy rate
Producer/exporter (percent ad
valorem)
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Hyundai Steel Company \6\.......................... 1.28
POSCO \7\.......................................... 3.64
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Disclosure
Commerce intends to disclose its calculations performed in
connection with the final results of review to interested parties
within five days of public announcement or, if there is no public
announcement, within five days of the date of publication of the notice
of final results 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 Hyundai Steel and POSCO, Commerce will instruct CBP to
assess countervailing duties at the subsidy rates listed in the table
above. 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
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 most
recent company-specific rate applicable to the company or the all-
others rate, as appropriate. These cash deposits, when imposed, shall
remain in effect until further notice.
Administrative Protective Order (APO)
This notice also serves as a final reminder to parties subject to
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: August 25, 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 Issues
Comment 1: Whether Electricity Is Subsidized by the Government
of Korea
Comment 2: Whether the Provision of Korea Emissions Trading
System (K-ETS) Permits is Countervailable
Comment 3: Whether Commerce Incorrectly Attributed Benefits
POSCO International Corporation (POSCO International) Received for
the Electricity for More than Adequate Remuneration (MTAR) Program
to the Production of Subject Merchandise
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Comment 4: Whether the Benchmark Selected for the Electricity
for MTAR Program is Appropriate
Comment 5: Whether POSCO International's Korea Export-Import
Bank (KEXIM) Overseas Investment Credit Program (OICP) Loan is Tied
to the Production of Non-Subject Merchandise
Comment 6: Whether to Modify POSCO's KEXIM OICP Loan Benefit
Comment 7: Whether the Constructing and Operating a Workplace
Nursery Program is Countervailable
Comment 8: Whether to Modify the Benchmark Interest Rate for
Hyundai Steel's KEXIM Export Growth Loan
VII. Recommendation
[FR Doc. 2026-17768 Filed 8-31-26; 8:45 am]
BILLING CODE 3510-DS-P
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