The U.S. Department of Commerce has updated its preliminary findings in an investigation into ferrosilicon imported from Malaysia due to significant calculation errors. The errors affected the dumping margins for two companies, OM Materials Sarawak Sdn. Bhd and Pertama Ferroalloys Sdn. Bhd. These corrections led to a change in the estimated dumping margins, which now impact the cash deposit rates and suspension of liquidation effective December 11, 2024. The revised results indicate that no critical circumstances exist for the involved companies.
Simple Explanation
The U.S. Department of Commerce found some mistakes in their math while checking the prices of ferrosilicon from Malaysia, which made them change the numbers they had before. Now, the prices are different, and it's like saying, "Oops, we made a mistake, and here is the better answer!"