Certain Cut-to-Length Carbon-Quality Steel Plate From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2022

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Federal RegisterSep 11, 2024
89 Fed. Reg. 73626 (Sep. 11, 2024)
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    Department of Commerce International Trade Administration
  • [C-580-837]
  • AGENCY:

    Enforcement and Compliance, International Trade Administration, Department of Commerce.

    SUMMARY:

    The U.S. Department of Commerce (Commerce) determines that certain producers and exporters of certain cut-to-length carbon-quality steel plate (CTL plate) from the Republic of Korea (Korea) received countervailable subsidies during the period of review (POR) January 1, 2022, through December 31, 2022.

    DATES:

    Applicable September 11, 2024.

    FOR FURTHER INFORMATION CONTACT:

    Kristen Johnson or Patrick Barton, AD/CVD Operations, Office III, Enforcement and Compliance, International Trade Administration, U.S. Department of Commerce, 1401 Constitution Avenue NW, Washington, DC 20230; telephone: (202) 482-4793 or (202) 482-0012, respectively.

    SUPPLEMENTARY INFORMATION:

    Background

    On March 5, 2024, Commerce published the Preliminary Results of this administrative review in the Federal Register and invited interested parties to comment. On June 21, 2024, Commerce extended the deadline for issuing the final results of this review until August 30, 2024. On July 22, 2024, Commerce tolled certain deadlines in this administrative proceeding by seven days. The deadline for the final results is now September 6, 2024.

    See Certain Cut-to-Length Carbon-Quality Steel Plate from the Republic of Korea: Preliminary Results and Partial Rescission of Countervailing Duty Administrative Review; 2022, 89 FR 15825 (March 5, 2024) (89 FR 15825) ( Preliminary Results), and accompanying Preliminary Decision Memorandum.

    See Memorandum, “Extension of Deadline for Final Results of Countervailing Duty Administrative Review; 2022,” dated June 21, 2024.

    See Memorandum, “Tolling of Deadlines for Antidumping and Countervailing Duty Proceedings,” dated July 22, 2024.

    For a complete description of the events that occurred since the Preliminary Results, see the Issues and Decision Memorandum. A list of topics discussed in the Issues and Decision Memorandum is included as an appendix to this notice. The Issues and Decision Memorandum is a public document and is on file electronically via Enforcement and Compliance's Antidumping and Countervailing Duty Centralized Electronic Service System (ACCESS). ACCESS is available to registered users at https://access.trade.gov. In addition, a complete version of the Issues and Decision Memorandum can be accessed directly at https://access.trade.gov/public/FRNoticesListLayout.aspx.

    See Memorandum, “Decision Memorandum for the Final Results of the Administrative Review of the Countervailing Duty Order on Certain Cut-To-Length Carbon-Quality Steel Plate from the Republic of Korea; 2022,” dated concurrently with, and hereby adopted by, this notice (Issues and Decision Memorandum).

    Scope of the Order

    See Notice of Amended Final Determination: Certain Cut-to-Length Carbon-Quality Steel Plate from India and the Republic of Korea; and Notice of Countervailing Duty Orders: Certain Cut-to-Length Carbon-Quality Steel Plate from France, India, Indonesia, Italy, and the Republic of Korea,65 FR 6587 (February 10, 2000) ( Order).

    The product covered by this Order is certain cut-to-length carbon-quality steel plate. For a complete description of the scope of this Order, see the Issues and Decision Memorandum.

    Analysis of Subsidy Programs and Comments Received

    Commerce conducted this administrative 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. The subsidy programs under review, and the issues raised in case and rebuttal briefs submitted by the interested parties, are discussed in the Issues and Decision Memorandum.

    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.

    Changes Since the Preliminary Results

    Based on a review of the record and comments received from interested parties regarding our Preliminary Results, and for the reasons explained in the Issues and Decision Memorandum, we made modifications to Dongkuk Steel Mill Co., Ltd.'s calculations for these final results of review.

    Final Results of Administrative Review

    We determine the following net countervailable subsidy rates for the period January 1, 2022, through December 31, 2022:

    Producer/exporter Subsidy rate (percent ad valorem)
    Dongkuk Steel Mill Co., Ltd 2.01
    Hyundai Steel Company 2.21

    Commerce finds Hyundai Green Power to be cross-owned with Hyundai Steel.