The Department of Commerce has announced preliminary findings that producers and exporters of stainless steel flanges from India sold their products in the U.S. at prices below the normal value during the period from March 28, 2018, to September 30, 2019. The review focused particularly on Chandan Steel Limited, which did not cooperate fully, leading Commerce to assign them a high dumping margin based on available facts. As these results are preliminary, interested parties can submit comments and requests for a hearing before final results are published. The final dumping duties will be decided after considering these inputs, with possible changes to cash deposit rates for future entries of these products.
Simple Explanation
The U.S. government found that some companies in India were selling metal parts, called steel flanges, too cheaply in America, which is not allowed according to trade rules. They will look closely at these findings and let people share their thoughts before making a final decision.