Document headings vary by document type but may contain
                    the following: the agency or agencies that issued and signed a document
the number of the CFR title and the number of each part
                      the document amends, proposes to amend, or is directly
                      related to
the agency docket number / agency internal file number
the RIN which identifies each regulatory action listed in
                      the Unified Agenda of Federal Regulatory and Deregulatory
                      Actions See the
                    Document Drafting Handbook
                    for more details.
 Department of Commerce International Trade Administration [C-580-888]
 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.
                    ( print page 99225) 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


# Footnotes

1.
    
                         
                        *See Certain Carbon and Alloy Steel Cut-to-Length 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. Back to Citation
 2.
    
                         
                        *See*
                         Memorandum, “Tolling of Deadlines for Antidumping and Countervailing Duty Proceedings,” dated July 22, 2024. Back to Citation
 3.
    
                         
                        *See*
                         Memorandum, “Extension of Deadline for Final Results of Countervailing Duty Administrative Review,” dated September 6, 2024. Back to Citation
 4.
    
                         
                        *See*
                         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). Back to Citation
 5.
    
                         
                        *See Certain Carbon and Alloy Steel Cut-to-Length Plate from the Republic of Korea: Countervailing Duty Order,*82 FR 24103 (May 25, 2017) (
                        *Order*). Back to Citation
 6.
    
                         
                        *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. Back to Citation
 7.
    
                         As 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. Back to Citation
 8.
    
                         
                        *See, 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. Back to Citation
 9.
    
                         
                        *See Order,*82 FR 24103. Back to Citation


[FR Doc. 2024-28990 Filed 12-9-24; 8:45 am] BILLING CODE 3510-DS-P