The U.S. Department of Commerce has preliminarily determined that producers and exporters of cold-rolled steel from South Korea received financial subsidies during 2018 that are subject to countervailing duties. This review focuses on the subsidy rates for specific companies and aims to determine the appropriate duties to impose on these imports to address unfair pricing practices. Interested parties can submit comments or request a hearing, and the final results of the review are expected within 120 days after the preliminary results are published.
Simple Explanation
The U.S. Department of Commerce checked cold-rolled steel from South Korea in 2018 and thinks some companies got unfair help with money, so they might have to pay extra fees when they sell their steel here. People can tell the department if they have something to say about this before they make their final decision.