The U.S. Department of Commerce has made a preliminary finding that producers and exporters of certain corrosion-resistant steel products from Mexico receive unfair government subsidies. This investigation covers the entire year of 2023. The Department plans to finalize its findings by June 2025 and is inviting public comments on this preliminary decision. The investigation could lead to actions like requiring cash deposits for these imports, except for those from Galvasid, which received a zero subsidy rate.
Simple Explanation
The U.S. Department of Commerce found that Mexican companies making special steel might be getting extra help from their government, which isn't fair. They are checking this for 2023 and want to hear what people think before deciding what to do, which could mean making those companies pay extra when selling in the U.S.