SUPPLEMENTARY INFORMATION:

Background

On March 5, 2026, Commerce published the Preliminary Results of this administrative review in the Federal Register and invited interested parties to comment.^[1] On June 16 and ( printed page 56131) July 23, 2026, Commerce extended the deadline for the final results of this review to no later than August 25, 2026.^[2] For a complete description of the events that occurred since the Preliminary Results, see the Issues and Decision Memorandum.^[3]

Scope of the Order ^[4]

The merchandise covered by this Order is cold-rolled steel from Korea. For a complete description of the scope of the Order, see Issues and Decision Memorandum.

Analysis of Comments Received

All issues raised in the case briefs and rebuttal briefs are addressed in the Issues and Decision Memorandum. A list of the issues addressed is attached as an appendix to this notice. The Issues and Decision Memorandum is a public document and is on file electronically via ACCESS, which is available to registered users at access.trade.gov. In addition, a complete version of the Issues and Decision Memorandum can be accessed directly at access.trade.gov/​frnotices.

Methodology

Commerce conducted this review in accordance with section 751(a)(1)(A) of the Tariff Act of 1930, as amended (the Act). For each of the subsidy programs found to be 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.^[5] For a full description of the methodology underlying all of Commerce's conclusions, see the Issues and Decision Memorandum.

Changes Since the Preliminary Results

Based on comments received from interested parties, we made certain changes to POSCO's countervailable subsidy rate calculation from the Preliminary Results. For a discussion of these changes, see the Issues and Decision Memorandum.

Final Results of Review

We determine the following net countervailable subsidy rates exist for the period January 1, 2023, through December 31, 2023.

Disclosure

Commerce intends to disclose its calculations performed in connection with the final results of review to interested parties within five days of public announcement or, if there is no public announcement, within five days of the date of publication of the notice of final results in the Federal Register , 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 in accordance with the final results of this review. For Hyundai Steel and POSCO, Commerce will instruct CBP to assess countervailing duties at the subsidy rates listed in the table above. 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 intends to instruct CBP to collect cash deposits of estimated countervailing duties in the amounts shown for the companies listed above on shipments of the subject merchandise entered, or withdrawn from warehouse for consumption on or after the date of publication of the final results of this administrative review.

For all non-reviewed firms, we will instruct CBP to continue to collect cash deposits of estimated countervailing duties at the most recent company-specific rate applicable to the company or the all-others rate, as appropriate. These cash deposits, when imposed, shall remain in effect until further notice.

Administrative Protective Order (APO)

This notice also serves as a final reminder to parties subject to APO of their responsibility concerning the return or destruction of proprietary information disclosed under APO in accordance with 19 CFR 351.305(a)(3). Timely written notification of the return/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

These final results are issued and published in accordance with sections 751(a)(1) and 777(i)(1) of the Act, and 19 CFR 351.221(b)(5).

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 Issues

Comment 1: Whether Electricity Is Subsidized by the Government of Korea

Comment 2: Whether the Provision of Korea Emissions Trading System (K-ETS) Permits is Countervailable

Comment 3: Whether Commerce Incorrectly Attributed Benefits POSCO International Corporation (POSCO International) Received for the Electricity for More than Adequate Remuneration (MTAR) Program to the Production of Subject Merchandise ( printed page 56132)

Comment 4: Whether the Benchmark Selected for the Electricity for MTAR Program is Appropriate

Comment 5: Whether POSCO International's Korea Export-Import Bank (KEXIM) Overseas Investment Credit Program (OICP) Loan is Tied to the Production of Non-Subject Merchandise

Comment 6: Whether to Modify POSCO's KEXIM OICP Loan Benefit

Comment 7: Whether the Constructing and Operating a Workplace Nursery Program is Countervailable

Comment 8: Whether to Modify the Benchmark Interest Rate for Hyundai Steel's KEXIM Export Growth Loan

VII. Recommendation

91 FR 56130