The U.S. Department of Commerce concluded that prestressed concrete steel wire strand (PC strand) from Malaysia was sold at prices below normal value in the U.S. from June 2022 to May 2023. The review found that two Malaysian companies, Kiswire and Wei Dat, had dumping margins of 0% and 0.73%, respectively, and set the assessment rates and cash deposit requirements accordingly. Commerce also partially rescinded the review for Southern Steel Sdn. Bhd., as there were no reviewable entries for that company. The final results and administrative details are available on the Federal Register and related government platforms.
Simple Explanation
The U.S. checked the prices of special steel wire from Malaysia and found that one company was selling it a bit too cheaply in the U.S., which isn't allowed. Because of this, the U.S. will make sure future sales are at fair prices by setting rules on how much money should be paid when trading this wire.