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.