The U.S. Department of Commerce and the U.S. International Trade Commission have decided to continue the antidumping duty orders on steel concrete reinforcing bars from Belarus, China, Indonesia, Latvia, Moldova, Poland, and Ukraine. They determined that removing these orders would likely cause dumping and harm to U.S. industries. As a result, the duties will remain in place, and U.S. Customs will keep collecting cash deposits at the current rates for related imports. This continuation is effective from December 13, 2024.
Simple Explanation
The U.S. government has decided to keep special rules in place that stop some foreign countries from selling certain steel bars at unfairly low prices in America because doing so would hurt U.S. companies. This means, for now, these rules will keep making sure that the prices are fair.