Commerce slaps subsidies on Korean cold-rolled steel—yawn.
Published Date: 9/1/2026
Notice
Summary
The U.S. Department of Commerce (Commerce) determines Hyundai Steel Company (Hyundai Steel) and POSCO, producers/exporters of certain cold-rolled steel flat products (cold-rolled steel) from the Republic of Korea (Korea), received countervailable subsidies during the period of review (POR) January 1, 2023, through December 31, 2023.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Korean Cold-Rolled Steel Subsidy Rates
Commerce found that Hyundai Steel and POSCO received countervailable subsidies for the period January 1, 2023 through December 31, 2023 and assigned net subsidy rates of 1.28% for Hyundai Steel and 3.64% for POSCO. If you import cold-rolled steel from these Korean producers or buy it from an importer, those company-specific rates are now on record.
Assessment of Duties on Reviewed Entries
Commerce will instruct U.S. Customs and Border Protection (CBP) to assess countervailing duties on all appropriate entries of the subject merchandise at the above subsidy rates (1.28% for Hyundai Steel; 3.64% for POSCO). Commerce intends to issue assessment instructions no earlier than 35 days after the notice publication (September 1, 2026), and if a timely summons is filed, CBP will be directed not to liquidate relevant entries until the 90-day statutory injunction period has expired.
Cash Deposits for Korean Steel Shipments
For shipments of the subject merchandise entered, or withdrawn from warehouse for consumption, on or after September 1, 2026, CBP will collect cash deposits of estimated countervailing duties at the company-specific rates shown (1.28% for Hyundai Steel; 3.64% for POSCO). For firms not covered by this review, CBP will continue to collect the most recent company-specific rate or the all-others rate, and these cash deposits will remain in effect until further notice.
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