The U.S. Department of Commerce has made a preliminary finding that certain corrosion-resistant steel products from Australia are being sold in the U.S. at prices below their fair value. This investigation, covering the period from July 1, 2023, to June 30, 2024, invites interested parties to comment on the findings. As a result of the determination, U.S. Customs and Border Protection will suspend the liquidation of certain steel imports and require a cash deposit. The final decision is postponed to allow for further examination, extending provisional measures for up to six months.
Simple Explanation
The U.S. government thinks some steel from Australia is being sold in America for too cheap, which isn't fair. They are taking a break to investigate more and are asking people to share their thoughts about it.