Corrosion-Resistant Carbon Steel Flat Products From the Republic of Korea: Final Results of Countervailing Duty Administrative Review, 3613-3614 [2011-1160]

Agencies

• DEPARTMENT OF COMMERCE
• International Trade Administration

[Federal Register Volume 76, Number 13 (Thursday, January 20, 2011)]
[Notices]
[Pages 3613-3614]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-1160]



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DEPARTMENT OF COMMERCE

International Trade Administration

[C-580-818]


Corrosion-Resistant Carbon Steel Flat Products From the Republic 
of Korea: Final Results of Countervailing Duty Administrative Review

AGENCY: Import Administration, International Trade Administration, 
Department of Commerce.

SUMMARY: On September 14, 2010, the U.S. Department of Commerce (the 
Department) published in the Federal Register its preliminary results 
of the administrative review of the countervailing duty (CVD) order on 
corrosion-resistant carbon steel flat products (CORE) from the Republic 
of Korea (Korea) for the period of review (POR) January 1, 2008, 
through December 31, 2008. See Corrosion-Resistant Carbon Steel Flat 
Products from the Republic of Korea: Preliminary Results and Partial 
Rescission of Countervailing Duty Administrative Review, 75 FR 55745 
(September 14, 2010) (Preliminary Results). We rescinded the 
administrative review, in part, with respect to Dongbu Steel Co., Ltd. 
(Dongbu) and Pohang Iron and Steel Co., Ltd. (POSCO) and preliminarily 
found that Hyundai HYSCO Ltd. (HYSCO) received de minimis 
countervailable subsidies during the POR. We did not receive any 
comments on our Preliminary Results, however, we have made revisions 
regarding two programs as discussed below.

DATES: Effective Date: January 20, 2011.

FOR FURTHER INFORMATION CONTACT: Gayle Longest at (202) 482-3338, AD/
CVD Operations, Office 3, Import Administration, International Trade 
Administration, U.S. Department of Commerce, 14th Street and 
Constitution Ave., NW., Washington, DC 20230.

SUPPLEMENTARY INFORMATION:

Background

    On August 17, 1993, the Department published in the Federal 
Register the CVD order on CORE from Korea. See Countervailing Duty 
Orders and Amendments to Final Affirmative Countervailing Duty 
Determinations: Certain Steel Products from Korea, 58 FR 43752 (August 
17, 1993). On September 14, 2010, the Department published in the 
Federal Register its Preliminary Results of the administrative review 
of this order for the period January 1, 2008, through December 31, 
2008. See Preliminary Results, 75 FR 55745. In accordance with 19 CFR 
351.213(b), this administrative review covers HYSCO, a producer and 
exporter of subject merchandise.
    In the Preliminary Results, we indicated that we would request from 
the Government of Korea (GOK) a full translation of the Act on Special 
Measures for the Promotion of Specialized Enterprises for Parts and 
Materials. The GOK filed a timely response on September 17, 2010.
    In the Preliminary Results, we invited interested parties to submit 
briefs or request a hearing. Neither the petitioner, U.S. Steel 
Corporation, nor the respondent commented on the Preliminary Results. 
Moreover, the Department did not conduct a hearing in this review 
because none was requested.
    Although we received no comments from interested parties, the 
Department has reconsidered its findings regarding the Act on Special 
Measures for the Promotion of Specialized Enterprises for Parts and 
Materials program and the Act on the Promotion of the Development of 
Alternative Energy program in these final results. The revisions to our 
calculations and findings concerning these programs are addressed in 
the accompanying Decision Memorandum for the Countervailing Duty 
Administrative Review on Corrosion-Resistant Carbon Steel Flat Products 
From the Republic of Korea (Decision Memorandum), which is dated 
concurrently with and hereby adopted by this notice. Parties can find a 
complete discussion of these revisions and the corresponding 
recommendations in this public memorandum, which is on file in the 
Central Records Unit of the main commerce building. In addition, a 
complete version of the Decision Memorandum can be accessed directly on 
the World Wide Web at https://ia.ita.doc.gov/frn.
    The paper copy and the electronic version of the Decision 
Memorandum are identical in content.

Scope of Order

    Products covered by the order are CORE from Korea. These products 
include flat-rolled carbon steel products, of rectangular shape, either 
clad, plated, or coated with corrosion-resistant metals such as zinc, 
aluminum, or zinc-, aluminum-, nickel- or iron-based alloys, whether or 
not corrugated or painted, varnished or coated with plastics or other 
nonmetallic substances in addition to the metallic coating, in coils 
(whether or not in successively superimposed layers) and of a width of 
0.5 inch or greater, or in straight lengths which, if of a thickness 
less than 4.75 millimeters, are of a width of 0.5 inch or greater and 
which measures at least 10 times the thickness or if of a thickness of 
4.75 millimeters or more are of a width which exceeds 150 millimeters 
and measures at least twice the thickness. The merchandise subject to 
the order is currently classifiable in the Harmonized Tariff Schedule 
of the United States (HTSUS) at subheadings: 7210.30.0000, 
7210.31.0000, 7210.39.0000, 7210.41.0000, 7210.49.0030, 7210.29.0090, 
7210.60.0000, 7210.61.0000, 7210.70.6030, 7210.70.6060, 7210.70.6090, 
7210.90.1000, 7210.90.6000, 7210.90.9000, 7212.20.0000, 7212.21.0000, 
7212.29.0000, 7212.30.1030, 7212.30.1090, 7212.30.3000, 7212.30.5000, 
7212.40.1000, 7212.40.5000, 7212.50.0000, 7212.60.0000, 7215.90.1000, 
7215.90.3000, 7215.90.5000, 7217.12.1000, 7217.13.1000, 7217.19.1000, 
7217.19.5000, 7217.20.1500, 7217.22.5000, 7217.23.5000, 7217.29.1000, 
7217.29.5000, 7217.30.15.0000, 7217.32.5000, 7217.33.5000, 
7217.39.1000, 7217.39.5000, 7217.90.1000 and 7217.90.5000. Although the 
HTSUS subheadings are provided for convenience and customs purposes, 
the Department's written description of the merchandise subject to the 
order is dispositive.

Period of Review

    The POR for which we are measuring subsidies is from January 1, 
2008, through December 31, 2008.

Final Results of Review

    As noted above, the Department received no comments concerning the 
Preliminary Results. However, we find that certain changes are 
warranted in these final results. As a result, we have made adjustments 
to our calculations as explained in our Decision Memorandum. Therefore, 
in these final results, we find that HYSCO received a net subsidy of 
0.05 percent ad valorem, a de minimis rate, during the POR.
    Listed below are the programs we examined in the review and our 
findings with respect to each of these programs. For a complete 
analysis of the programs found to be countervailable, not to confer a 
benefit during the POR, not to be countervailable, and not to be used, 
see the Preliminary Results.

I. Programs Determined To Confer Subsidies During the POR

A. Short-Term Export Financing

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B. Reduction in Taxes for Operation in Regional and National Industrial 
Complexes
C. GOK's Direction of Credit for Loans Issued Prior to 2002
D. R&D Grants and Loans under the Act on Special Measures for the 
Promotion of Specialized Enterprises for Parts and Materials

II. Programs That Provided No Benefits During the POR

A. Research and Development Grants Under the Industrial Development Act 
(IDA)
B. Energy Savings Fund Program
C. Overseas Resource Development Program: Loan from Korea Resources 
Corporation (KORES)
D. Overseas Resource Development Program: Loan from Korea National Oil 
Corporation (KNOC)
E. Long-Term Loans from the Korean Development Bank (KDB) Issued in 
Years 2002 through 2008
F. Overseas Resource Development Program: Loan from KEXIM
G. R&D Grants and Loans under the Act on the Promotion of the 
Development of Alternative Energy

III. Programs Found Not To Have Been Used During the POR

A. Reserve for Research and Manpower Development Fund Under RSTA 
Article 9 (TERCL Article 8)
B. RSTA Article 11: Tax Credit for Investment in Equipment to 
Development Technology and Manpower (TERCL Article 10)
C. Reserve for Export Loss Under TERCL Article 16
D. Reserve for Overseas market Development Under TERCL Article 17
E. Reserve for Export Loss Under TERCL Article 22
F. Exemption of Corporation Tax on Dividend Income from Overseas 
Resources Development Investment Under TERCL Article 24
G. Tax Credits for Temporary Investments Under TERCL Article 27
H. Social Indirect Capital Investment Reserve Funds Under TERCL Article 
28
I. Energy-Servings Facilities Investment Reserve Funds Under TERCL 
Article 29
J. Reserve for Investment (Special Cases of Tax for Balanced 
Development Among Areas Under TERCL Articles 41-45
K. Tax Credits for Specific Investments Under TERCL Article 71
L. Asset Revaluation Under Article 56(2) of the Tax Reduction and 
Exemption Control Act (TERCL)
M. Emergency Load Reduction Program
N. Electricity Discounts Under the Requested Loan Adjustment Program
O. Electricity Discounts Under the Emergency Load Reductions Program
P. Export Industry Facility Loans and Specialty Facility Loans
Q. Local Tax Exemption on Land Outside of a Metropolitan Area
R. Short-Term Trade Financing Under the Aggregate Credit Ceiling Loan 
Program Administered by the Bank of Korea
S. Industrial Base Fund
T. Excessive Duty Drawback
U. Private Capital Inducement Act
V. Scrap Reserve Fund
W. Special Depreciation of Assets on Foreign Exchange Earnings
X. Export Insurance Rates Provided by the Korean Export Insurance 
Corporation
Y. Loans from the National Agricultural Cooperation Federation
Z. Tax Incentives from Highly Advanced Technology Businesses Under the 
Foreign Investment and Foreign Capital Inducement Act
AA. Other Subsidies Related to Operations at Asan Bay: Provision of 
Land and Exemption of Port Fees Under the Harbor Act
AB. D/A Loans Issued by the Korean Development Bank and Other 
Government-Owned Banks
AC. R&D Grants Under the Promotion of Industrial Technology Innovation 
Act
AD. Export Loans by Commercial Banks Under KEXIM's Trade Bill 
Rediscounting Program
AE. Restriction of Special Taxation Act (RSTA) Article 94: Equipment 
Investment to Promote Worker's Welfare

Assessment Rates/Cash Deposits

    The Department intends to issue assessment instructions to U.S. 
Customs and Border Protection (CBP) 15 days after the date of 
publication of these final results of review to liquidate shipments of 
subject merchandise by HYSCO entered, or withdrawn from warehouse, for 
consumption on or after January 1, 2008, through December 31, 2008, 
without regard to countervailing duties. We will also instruct CBP not 
to collect cash deposits of estimated countervailing duties on 
shipments of the subject merchandise by HYSCO entered, or withdrawn 
from warehouse, for consumption on or after the date of publication of 
these final results of review.
    For all non-reviewed companies, the Department has instructed CBP 
to assess countervailing duties at the cash deposit rates in effect at 
the time of entry, for entries between January 1, 2008, and December 
31, 2008. The cash deposit rates for all companies not covered by this 
review are not changed by the results of this review, and remain in 
effect until further notice.

Return or Destruction of Proprietary Information

    This notice serves as a reminder to parties subject to 
administrative protective order (APO) of their responsibility 
concerning the disposition of proprietary information disclosed under 
APO in accordance with 19 CFR 351.305(a)(3). Timely written 
notification of return or destruction of APO materials or conversion to 
judicial protective order is hereby requested. Failure to comply with 
the regulations and the terms of an APO is a sanctionable violation.
    We are issuing and publishing these results in accordance with 
sections 751(a)(1) and 777(i)(1) of the Tariff Act of 1930, as amended.

    Dated: January 12, 2011.
Ronald K. Lorentzen,
Deputy Assistant Secretary for Import Administration.
[FR Doc. 2011-1160 Filed 1-19-11; 8:45 am]
BILLING CODE 3510-DS-P