The U.S. Department of Commerce preliminarily determined that certain corrosion-resistant steel products from Vietnam are being sold in the U.S. at less than fair value. This investigation covers the period from January 1, 2024, to June 30, 2024. The Department proposes applying provisional measures, requiring importers to pay cash deposits based on estimated dumping margins. Interested parties can comment on this determination, and the final decision is postponed for up to 135 days following this preliminary determination.
Simple Explanation
The U.S. government found out that some special steel from Vietnam is being sold in America for a lower price than it should be, which isn't fair, and they think this might continue. So, they want to make sure that before everything is final, anyone bringing this steel to the U.S. has to pay some money upfront, while they take more time to make a final decision.