The U.S. Department of Commerce has determined that ferrosilicon imports from Malaysia are being sold at less than fair value in the U.S. between January 1, 2023, and December 31, 2023. Despite this, they found no critical circumstances, meaning no urgent action is needed regarding these imports. The determination involves specific companies like OM Materials (Sarawak) Sdn. Bhd. and Pertama Ferroalloys Sdn. Bhd, for which the agency adjusted the cash deposit rates based on their dumping margins. The U.S. International Trade Commission will follow up with its own investigation to assess potential harm to the U.S. domestic industry.
Simple Explanation
The U.S. government found out that ferrosilicon, a special metal from Malaysia, is being sold at a lower price in the U.S. than it should be. But they decided there's no need to act urgently about it.