The U.S. Department of Commerce determined that certain producers and exporters from Japan sold nickel-plated steel products in the U.S. at prices lower than usual between May 1, 2022, and April 30, 2023. As a result, they will face antidumping duties. The department has made changes to the dumping margin calculations for Toyo Kohan, a Japanese company, and has set new cash deposit rates beginning December 3, 2024. The public can access detailed information on these findings via the Antidumping and Countervailing Duty Centralized Electronic Service System (ACCESS).
Simple Explanation
The U.S. government found that some companies in Japan were selling special nickel-covered steel to America for less money than usual, so now those companies have to pay extra fees.