Federal Register #C-580-888

Final Results: Countervailing Duty Review for Korean Steel Plate (POSCO)

This notice announces the final results of a countervailing duty administrative review conducted by the International Trade Administration (ITA), part of the U.S. Department of Commerce, for certain carbon and alloy steel cut-to-length plate (CTL plate) imported from the Republic of Korea. - Government Buyer: - U.S. Department of Commerce, International Trade Administration, Enforcement and Compliance Office - OEMs and Vendors: - POSCO Co., Ltd. (primary producer/exporter) - Cross-owned companies: POSCO Holdings Inc., POSCO Future M Co., Ltd., POSCO Mobility Solution Co., Ltd., POSCO M-Tech Co., Ltd., POSCO Nippon Steel RHF Joint Venture Co., Ltd. - Products/Services Requested: - Certain carbon and alloy steel cut-to-length plate (CTL plate) - No specific part numbers or quantities provided - Subject merchandise defined by scope of the order - Unique or Notable Requirements: - Review determined POSCO and its cross-owned companies received countervailable subsidies - Net countervailable subsidy rate set at 3.70% ad valorem - Results establish cash deposit and assessment rates for subject merchandise - Review period covers January 1, 2023, through December 31, 2023 - Also notes initiation of less-than-fair-value (LTFV) investigations on polytetramethylene ether glycol (PTMEG) from China, Korea, Taiwan, and Vietnam (not the primary focus of this review) - Place of Performance/Delivery: - Republic of Korea (production/export) - International Trade Administration, U.S. Department of Commerce, 1401 Constitution Avenue NW, Washington, DC 20230 (administrative office)

Description

The U.S. Department of Commerce has determined that POSCO Co., Ltd., a producer and exporter of certain carbon and alloy steel cut-to-length plate from the Republic of Korea, received countervailable subsidies during the period of review from January 1, 2023, through December 31, 2023. This notice announces the final results of the countervailing duty administrative review for 2023. The review includes verification of subsidy information and establishes a net countervailable subsidy rate for POSCO and its cross-owned companies. The document also outlines cash deposit requirements and assessment rates for the subject merchandise.

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