2026-22706NoticeWallet

Court Tweaks Korean Steel Subsidy Rate After Administrative Review

Published Date: 11/6/2026

Notice

Summary

The U.S. Court of International Trade changed the subsidy rate for POSCO, a Korean steel company, after reviewing the 2021 countervailing duty case. This means POSCO’s final subsidy rate is now different, affecting how much extra duty they pay on steel plates sold in the U.S. These changes take effect starting November 6, 2026, so importers and POSCO should watch for updated costs.

Analyzed Economic Effects

3 provisions identified: 1 benefits, 2 costs, 0 mixed.

Suspended entries remain enjoined; duties may be assessed

Entries produced by POSCO and exported by POSCO International that were entered or withdrawn from warehouse for consumption during January 1, 2021 through December 31, 2021 remain enjoined from liquidation by CIT order. If the CIT ruling is not appealed, or if appealed and upheld, Commerce intends to instruct U.S. Customs and Border Protection to assess countervailing duties on unliquidated entries in accordance with 19 CFR 351.212(b) when the ad valorem rate is not zero or de minimis; where the ad valorem subsidy rate is zero or de minimis, Commerce will instruct CBP to liquidate those entries without regard to countervailing duties.

POSCO subsidy rate set at 0.80%

For entries produced or exported by POSCO during January 1, 2021 through December 31, 2021, Commerce amended the final countervailable subsidy rate for POSCO to 0.80 percent ad valorem (replacing the prior 0.87 percent). This amended rate is effective November 6, 2026.

Rate applies to POSCO and cross-owned companies

The 0.80 percent ad valorem subsidy rate applies to POSCO Co., Ltd. and its cross-owned companies (listed in the notice: Pohang Scrap Recycling Distribution Center Co. Ltd.; POSCO Chemical Co., Ltd.; POSCO M-Tech Co., Ltd.; POSCO Nippon Steel RHF Joint Venture Co., Ltd.; POSCO SPS Co., Ltd.; and POSCO Terminal Co., Ltd.). POSCO International (aka POSCO International Corporation) does not have a separate established CVD rate; entries exported by POSCO International will receive the rate of the producer listed on the CBP entry form, and entries produced by POSCO will receive POSCO’s 0.80% rate.

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Key Dates

Published Date
11/6/2026

Department and Agencies

Department
Independent Agency
Agency
Commerce Department
International Trade Administration
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