The U.S. Department of Commerce has made a preliminary decision that SeAH Steel Corporation and its affiliate did not receive any countervailable subsidies for oil country tubular goods from Korea for the period from September 29 to December 31, 2022. As a result, the administrative review will be partially terminated for four other companies that were initially included. If these preliminary findings are upheld, no new countervailing duties will be imposed unless further notice is given. Interested parties are invited to comment on these findings.
Simple Explanation
The U.S. Department of Commerce checked if a Korean company named SeAH Steel got any help from their government to make their products cheaper in America and found that they didn't. They also decided to stop checking on four other companies for now, and they want people to tell them what they think about this decision.