The U.S. Department of Commerce found that Shin Yang Steel Co., Ltd. sold certain circular welded carbon steel pipes and tubes from Taiwan at prices less than their normal value between May 1, 2018, and April 30, 2019. The review updated the initial results by adjusting Shin Yang's purchase costs and sales data, but these changes did not affect the overall calculated antidumping margin. As a result, specific antidumping duties will be assessed, and specific cash deposit requirements set for future imports of the subject merchandise. This notice also reminds importers of their responsibilities and the consequences of not fulfilling them.
Simple Explanation
The U.S. Department of Commerce found that a company in Taiwan, called Shin Yang Steel, sold steel pipes and tubes to the U.S. for less money than they should have, so they have to pay an extra fee when sending more pipes and tubes in the future.