Korea hot-rolled steel: final CVD admin review results (2023)
Commerce final CVD results for 2023 Korea hot-rolled steel flat products. Company rates, cash deposits, assessment timing, and the AD/CVD split.
Commerce published final results for the countervailing duty administrative review of certain hot-rolled steel flat products from the Republic of Korea (C-580-884) covering January 1 through December 31, 2023. The notice is applicable October 9, 2026 (91 FR 64635; FR Doc. 2026-20778).
Order: 81 FR 67960 (October 3, 2016). Preliminary results: 91 FR 18398 (April 10, 2026). Changes since the preliminary results were made to POSCO's subsidy-rate calculation only. Korean hot-rolled can also be covered by a separate AD order; this notice is CVD-only.
Final CVD rates: Hyundai Steel Company 1.28% ad valorem; POSCO 3.68%. Cash deposits at these rates for entries on or after October 9, 2026.
Final subsidy rates (C-580-884)
Hyundai Steel Company (cross-owned Hyundai Green Power Co. Ltd): 1.28% ad valorem
POSCO (cross-owned POSCO Future M; POSCO Holdings; POSCO M-Tech; POSCO Nippon Steel RHF Joint Venture Co., Ltd.; POSCO Mobility Solutions): 3.68%
POSCO International's subsidies are included in POSCO's total rate
Contacts: Kelsie Hohenberger (202) 482-2517; Nathan James (202) 482-5305
Issues decided and cash-deposit effects
The Issues and Decision Memorandum addresses, among other comments: whether electricity is subsidized by More Than Adequate Remuneration (MTAR); Korea Emissions Trading System (K-ETS) permits; attribution of electricity-for-MTAR benefits received by POSCO International; KEXIM Overseas Investment Credit Program and Export Growth Loan benchmarks; and the workplace nursery program.
- Cash deposits: Commerce will instruct CBP to collect estimated CVD cash deposits at the rates above for shipments of subject merchandise entered, or withdrawn from warehouse, for consumption on or after October 9, 2026 (publication of these final results). Non-reviewed firms keep their most recent company-specific rate or the all-others rate, as appropriate.
- Assessment: Commerce intends to issue assessment instructions to CBP no earlier than 35 days after publication, which by our count is November 13, 2026. A timely CIT summons can hold liquidation through the 90-day injunction window.
CVD assessments and cash deposits are not drawback-eligible (19 U.S.C. § 1677h; see AD/CVD drawback exclusion). Confirm C-580-884 on Korean hot-rolled entries and keep any companion AD case number on a separate track. Ordinary customs duties on the same entries can still be drawback-eligible when merchandise is exported or destroyed.
Action items
- Update deposit math for Hyundai Steel (1.28%) and POSCO (3.68%) on entries on or after October 9, 2026.
- Watch liquidation timing: assessment instructions no earlier than November 13, 2026 by our count; track any CIT summons within the 90-day window.
- Separate CVD from ordinary duty in drawback claim worksheets; CVD itself is not refundable under § 1677h.
- FR Doc. 2026-20778 (91 FR 64635; C-580-884): Korea hot-rolled steel CVD admin review final for POR Jan 1 through Dec 31, 2023. Applicable Oct 9, 2026.
- Final rates: Hyundai Steel 1.28% ad valorem (cross-owned Hyundai Green Power); POSCO 3.68% (named cross-owned affiliates; POSCO International subsidies included in POSCO's rate).
- Changes since prelim affected POSCO's calculation only. Cash deposits at these rates for entries on or after Oct 9, 2026. Non-reviewed firms keep their most recent rate or all-others.
- Assessment instructions no earlier than 35 days after publication (Nov 13, 2026 by our count). CIT summons can hold liquidation through the 90-day injunction window.
- CVD is not drawback-eligible. Treat this as deposit and liquidation risk on Korean hot-rolled, separate from any companion AD order.
- Certain Hot-Rolled Steel Flat Products From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2023 (91 FR 64635; FR Doc. 2026-20778) · International Trade Administration, Department of Commerce
This article is for general information and is not legal or tax advice. Drawback eligibility depends on your specific facts, and final refunds are determined by CBP at liquidation. Consult a licensed customs broker or attorney for your situation.