Search Results for keywords:"hot-rolled steel"

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Search Results: keywords:"hot-rolled steel"

  • Type:Notice
    Citation:86 FR 11226
    Reading Time:about 4 minutes

    The Department of Commerce has decided to cancel the review of the antidumping duty order on hot-rolled steel flat products imported from Brazil between October 1, 2019, and September 30, 2020. This decision was made because the parties who originally requested the review, including several steel companies, withdrew their request within the allowed time frame. As a result, the Department will proceed to assess antidumping duties based on previously set estimates and instructions to U.S. Customs and Border Protection. Importers are reminded to comply with regulations concerning the reimbursement of antidumping duties or risk having those duties doubled.

    Simple Explanation

    The U.S. Department of Commerce decided to stop looking into the prices of steel from Brazil because the people who asked for the review changed their minds and said they didn't need it anymore, so the usual rules about taxes on this steel will stay the same.

  • Type:Notice
    Citation:86 FR 11227
    Reading Time:about 15 minutes

    The Department of Commerce found that seven companies, including Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S., sold hot-rolled steel products from Turkey in the U.S. at prices below their usual value between October 1, 2018, and September 30, 2019. Six other exporters reported no shipments during this period. The review for some companies was discontinued based on a court decision. Public comments are invited on these preliminary findings, and a final decision will follow.

    Simple Explanation

    The Department of Commerce found that some companies from Turkey sold steel in the U.S. at cheap prices that might hurt local businesses, and they want people to share their thoughts before making a final decision.

  • Type:Notice
    Citation:86 FR 11722
    Reading Time:about 4 minutes

    The Department of Commerce has decided to cancel the review of the antidumping duties on certain hot-rolled steel products from Turkey for the period from October 1, 2019, to September 30, 2020. This decision came after the original requesters, a group of steel companies, withdrew their application for the review within the allowed time frame. The department will instruct the U.S. Customs and Border Protection to assess the previously applied antidumping duties and remind importers of their duty to follow regulations regarding these duties. Additionally, this notice serves as a reminder for parties to handle information properly under administrative protective orders.

    Simple Explanation

    The U.S. Department of Commerce canceled a review of extra taxes on steel from Turkey because the companies who asked for it changed their minds. Now, they will just keep the old rules for those taxes.

  • Type:Notice
    Citation:86 FR 10040
    Reading Time:about 8 minutes

    The Department of Commerce has conducted a review and states that the sole producer/exporter of hot-rolled steel products from Korea, Hyundai Steel Company, did not sell their products below the normal value from October 2018 through September 2019. They are inviting comments from interested parties on these preliminary findings. The final results, along with the assessment of duties, will be published later, and new cash deposit requirements for hot-rolled steel from Korea will be established. The preliminary findings and methodologies are available for public access online.

    Simple Explanation

    Imagine a game where a country sells some special metal to another country. The people who check if the metal costs the right amount did their job and found out that one company from Korea played fair and didn’t charge too little for the metal they sold. Now, they want to hear what everyone thinks about this before making new rules for the game.

  • Type:Notice
    Citation:86 FR 10920
    Reading Time:about 14 minutes

    The Department of Commerce has preliminarily found that two Japanese companies, Nippon Steel Corporation and Tokyo Steel Manufacturing Co., sold hot-rolled steel products in the United States at unfairly low prices between October 2018 and September 2019. Additionally, companies like Honda Trading Canada and Panasonic reported no shipments during this period. The Department has set a provisional dumping margin and invites public comments on these preliminary findings. They will finalize the results and cash deposit rates in a subsequent review.

    Simple Explanation

    The Department of Commerce found that two Japanese companies sold steel in the U.S. cheaper than they should have, which is not fair. They also noted that some companies didn't send any shipments of steel during that time.

  • Type:Notice
    Citation:86 FR 10533
    Reading Time:about 6 minutes

    The Department of Commerce has released preliminary findings that Hyundai Steel Co., Ltd., a company from South Korea, has received unfair government subsidies for its hot-rolled steel products. The review period is from January 1, 2018, to December 31, 2018. They are planning to enforce additional duties on these products to counterbalance the subsidies. Public comments and hearings will follow before the final decision is made within 120 days of these preliminary results.

    Simple Explanation

    The Department of Commerce found out that a company in South Korea called Hyundai Steel received some extra help from their government, which made their steel cheaper. To make it fair for everyone else, they plan to add extra taxes to Hyundai Steel's products.