99224 Federal Register / Vol. 89, No. 237 / Tuesday, December 10, 2024 / Notices 

1See Certain Carbon and Alloy Steel Cut-toLength Plate from the Republic of Korea: 

Preliminary Results and Partial Rescission of 

Countervailing Duty Administrative Review; 2022, 

89 FR 47131 (May 31, 2024) (Preliminary Results), 

and accompanying Preliminary Decision 

Memorandum. 

2See Memorandum, ‘‘Tolling of Deadlines for 

Antidumping and Countervailing Duty 

Proceedings,’’ dated July 22, 2024. 

3See Memorandum, ‘‘Extension of Deadline for 

Final Results of Countervailing Duty Administrative 

Review,’’ dated September 6, 2024. 

4See Memorandum, ‘‘Issues and Decision 

Memorandum for the Final Results of the 

Countervailing Duty Administrative Review: 

Certain Carbon and Alloy Steel Cut-to-Length Plate 

from the Republic of Korea; 2022,’’ dated 

concurrently with, and hereby adopted by, this 

notice (Issues and Decision Memorandum). 

5See Certain Carbon and Alloy Steel Cut-toLength Plate from the Republic of Korea: 

Countervailing Duty Order, 82 FR 24103 (May 25, 

2017) (Order). 

Company Subsidy rate 2021 

(percent ad valorem) 

Subsidy rate 2022 

(percent ad valorem) 

Shri Sumati Industries Private Limited .................................................................................... 8.82 5.15 

Shanti Worldwide ..................................................................................................................... 261.80 261.80 

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 U.S. 

Customs and Border Protection (CBP) 

shall assess, countervailing duties on all 

appropriate entries of subject 

merchandise covered by this review. 

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 also intends to 

instruct CBP to collect cash deposits of 

estimated countervailing duties in the 

amounts shown for each of the 

companies listed above for shipments of 

subject merchandise which entered, or 

were withdrawn from warehouse, for 

consumption on or after the date of 

publication of the final results of this 

administrative review. For all nonreviewed firms, we will instruct CBP to 

continue to collect cash deposits of 

estimated countervailing duties at the 

all-others rate or most recent companyspecific rate applicable to the company, 

as appropriate. These cash deposit 

requirements, when imposed, shall 

remain in effect until further notice. 

Administrative Protective Order (APO) 

This notice also serves as the final 

reminder to parties subject to an APO of 

their responsibility concerning the 

destruction of proprietary information 

disclosed under APO in accordance 

with 19 CFR 351.305(a)(3), which 

continues to govern business 

proprietary information in this segment 

of the proceeding. 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 in accordance with sections 

751(a)(1) and 777(i)(1) of the Act, and 19 

CFR 351.213 and 351.221(b)(5). 

Dated: December 3, 2024. 

Abdelali Elouaradia, 

Deputy 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 

V. Use of Facts Otherwise Available and 

Adverse Inferences 

VI. Analysis of Programs 

VII. Discussion of the Issues 

Comment 1: Whether To Apply Adverse 

Facts Available (AFA) to the Duty 

Drawback Scheme (DDB) 

Comment 2: Whether To Apply AFA to the 

Interest Equalization Scheme (IES) 

Comment 3: Whether To Treat Transport 

and Marketing Assistance for Specified 

Agricultural Products (TMA) as a NonRecurring Grant Program 

VIII. Recommendation 

[FR Doc. 2024–28991 Filed 12–9–24; 8:45 am] 

BILLING CODE 3510–DS–P 

DEPARTMENT OF COMMERCE 

International Trade Administration 

[C–580–888] 

Certain Carbon and Alloy Steel Cut-toLength Plate From the Republic of 

Korea: Final Results of Countervailing 

Duty Administrative Review; 2022 

AGENCY: Enforcement and Compliance, 

International Trade Administration, 

Department of Commerce. 

SUMMARY: The U.S. Department of 

Commerce (Commerce) determines that 

countervailable subsidies were provided 

to 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), 

during the period of review (POR) from 

January 1, 2022, through December 31, 

2022. 

DATES: Applicable December 10, 2024. 

FOR FURTHER INFORMATION CONTACT: 

Faris Montgomery or Laurel Smalley, 

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) 482–1537 or 

(202) 482–3456, respectively. 

SUPPLEMENTARY INFORMATION: 

Background 

On May 31, 2024, Commerce 

published the Preliminary Results of 

this administrative review in the 

Federal Register, and invited interested 

parties to comment.1 On July 22, 2024, 

Commerce tolled certain deadlines in 

this administrative proceeding by seven 

days.2 On September 6, 2024, 

Commerce extended the deadline for the 

final results of this review to no later 

than December 4, 2024.3 For a complete 

description of the events that followed 

the Preliminary Results, see the Issues 

and Decision Memorandum.4

We conducted this review in 

accordance with section 751 of the 

Tariff Act of 1930, as amended (the Act). 

Scope of the Order 5

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. 


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Federal Register / Vol. 89, No. 237 / Tuesday, December 10, 2024 / Notices 99225 

6See 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. 

7As discussed in the Preliminary Results, 

Commerce found the following companies to be 

cross-owned with POSCO: POSCO Chemical Co., 

Ltd.; POSCO Holdings Inc.; 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. 

8See, 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. 

9See Order, 82 FR 24103. 

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 is attached at the 

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. 

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 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.6 The Issues and Decision 

Memorandum contains a full 

description of the methodology 

underlying Commerce’s conclusions. 

Final Results of Review 

In accordance with 19 CFR 

351.221(b)(5), we calculated an 

individual net countervailable subsidy 

rate for POSCO. Commerce determines 

that, during the POR, the net 

countervailable subsidy rate for the 

producers/exporter under review is as 

follows: 

Producer/exporter Subsidy rate 

(percent ad valorem) 

POSCO Co., Ltd.7 .... 1.47 

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. 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.8

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.9

These cash deposit requirements, 

effective upon publication of these final 

results, shall remain in effect until 

further notice. 

Administrative Protective Order (APO) 

This notice also serves as a reminder 

to parties subject to an APO of their 

responsibility concerning the 

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). 

Dated: December 4, 2024. 

Abdelali Elouaradia, 

Deputy 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 Electricity Is 

Subsidized by the Government of Korea 

(GOK) 

Comment 2: Whether the Provision of 

Korea Emissions Trading System (K– 

ETS) Permits Is Countervailable 

Comment 3: Whether Local Tax 

Deductions Under the Restriction of 

Special Local Taxation Act (RSLTA) 

Article 57–2 Are Countervailable 

Comment 4: Whether the Benchmark 

Calculation for Electricity for More Than 

Adequate Remuneration (MTAR) 

Correctly Reflects the Volume of 

Electricity Purchased 

Comment 5: Whether the Quota Tariff 

Import Duty Exemptions Under Article 

71 of the Customs Act Program Is De 

Facto Specific 

Comment 6: Whether Certain Tax 

Exemptions, Import Duty Exemptions, 

and Loans Are Tied to the Production of 

Non-Subject Merchandise 

VII. Recommendation 

[FR Doc. 2024–28990 Filed 12–9–24; 8:45 am] 

BILLING CODE 3510–DS–P 


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