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.