The U.S. Department of Commerce has completed an annual review of stainless steel sheet and strip in coils from Taiwan, determining that certain producers/exporters sold products at less than normal value between July 2022 and June 2023. While two companies, YUSCO and Tung Mung, reported no shipments to the U.S. during this period, a margin of 21.10% was assigned to a group of non-examined companies based on adverse findings against the mandatory respondent, Yieh Corporation. The new cash deposit rates will be effective immediately for specified shipments, and importers are reminded of their duties under U.S. regulations.
Simple Explanation
The Commerce Department checked the prices of some steel sheets from Taiwan for a year and found that they were sold cheaper than they should have been, like selling things for less than what they cost. Some companies didn't send any steel to the U.S. during this time, and now other companies have to pay extra charges because of this price problem.