Korean Steel Plates Hit with Subsidy Findings, 54 Firms Freed
Published Date: 8/6/2026
Notice
Summary
The U.S. Department of Commerce (Commerce) preliminarily determines that countervailable subsidies were provided to certain producers and exporters of certain carbon and alloy steel cut-to-length plate (CTL plate) from the Republic of Korea (Korea) during the period of review (POR) January 1, 2024, through December 31, 2024. In addition, Commerce is rescinding this review with respect to 54 companies. Interested parties are invited to comment on these preliminary results of review.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
New cash-deposit rules for future entries
Commerce intends to require cash deposits for shipments entered on or after the date of publication of the final results of this review: POSCO's cash deposit rate will equal the company-specific rate determined in the final results unless that rate is less than 0.50 percent (in which case the deposit rate will be zero). If producer and exporter company-specific rates differ, the higher rate applies; if only one has a company-specific rate, that rate applies. All other producers and exporters will continue to have the 3.72 percent all-others cash deposit rate.
POSCO preliminarily hit with 1.14% CVD
Commerce preliminarily found a 1.14 percent ad valorem countervailable subsidy rate for POSCO Co., Ltd. for entries during the period January 1, 2024 through December 31, 2024. If finalized, entries of CTL plate produced by POSCO for that period will be assessed duties based on this rate.
Review rescinded for 54 exporters
Commerce is rescinding the administrative review for 54 named companies because CBP data show no reviewable entries during January 1, 2024 through December 31, 2024. For those rescinded companies, Commerce will instruct U.S. Customs and Border Protection to assess countervailing duties on appropriate entries at the cash deposit rate of estimated countervailing duties required at the time of entry during that period.
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Key Dates
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