Federal Register #2026-22706

Commerce amends countervailing duty rate for Korean cut-to-length steel plate

This U.S. Department of Commerce notice revises the countervailing duty treatment of Korean cut-to-length steel plate; it is not a request for goods or services. - Government: U.S. Department of Commerce, International Trade Administration, Enforcement and Compliance. - OEM: POSCO Co., Ltd. receives a countervailing subsidy rate of 0.80% ad valorem. - The rate also applies to POSCO’s identified cross-owned companies: Pohang Scrap Recycling Distribution Center Co. Ltd.; POSCO Chemical Co., Ltd.; POSCO M-Tech Co., Ltd.; POSCO Nippon Steel RHF Joint Venture Co., Ltd.; POSCO SPS Co., Ltd.; and POSCO Terminal Co., Ltd. - POSCO International is discussed in connection with exports of qualifying merchandise produced by POSCO. - Subject merchandise: certain carbon and alloy steel cut-to-length plate from the Republic of Korea. No purchase quantity or part number is specified. - The current cash deposit rate is unchanged. Affected entries remain subject to an injunction while appeals may proceed.

Description

The U.S. Department of Commerce is amending the final results of the 2021 countervailing duty administrative review covering certain carbon and alloy steel cut-to-length plate from the Republic of Korea. The amendment follows a U.S. Court of International Trade judgment sustaining Commerce’s second remand results. Commerce revised the countervailable subsidy rate assigned to POSCO Co., Ltd. to 0.80 percent ad valorem. The review period was January 1, 2021, through December 31, 2021.

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