The U.S. Department of Commerce has completed a review of antidumping duties on pure magnesium imported from China. They found that two companies, Tianjin Magnesium Metal Co., Ltd. and Tianjin Magnesium International Co., Ltd., sold magnesium in the U.S. at prices below normal value from May 1, 2022, to April 30, 2023. The outcome includes specific instructions for calculating and applying duties on these imports. The department has published its review results and will update cash deposit requirements for future shipments based on these findings.
Simple Explanation
The U.S. government looked at whether two companies from China sold a metal called magnesium in America for too cheap, less than they normally sell it for in China, between May 2022 and April 2023, and found that they did, so now these companies will have to pay extra taxes on their future shipments.