The Department of Commerce has announced preliminary results regarding the sale of cold-rolled steel flat products from South Korea. They found that Hyundai Steel Company and POSCO/POSCO International Corporation did not sell these products at unfairly low prices in the U.S. between September 2018 and August 2019. The review still involves Hyundai, POSCO/PIC, and KG Dongbu Steel, and the Commerce Department is inviting comments on these preliminary findings. The decisions and comments will later influence the final assessments of duties and responsibilities for companies involved in this trade.
Simple Explanation
The U.S. government checked if two Korean companies sold steel at very low prices in America to be unfair. They found that these companies didn't do that, and now people can share what they think about these findings.