The U.S. Department of Commerce has released preliminary findings related to the sale of circular welded non-alloy steel pipe from South Korea. Between November 2022 and October 2023, some of this pipe was sold at prices below its normal value. The department identified one South Korean company that did not sell the pipe below its normal value during this period. They also calculated a small average dumping margin for Hyundai Steel and a higher margin for Husteel. Various other companies will have a margin based on Husteel's results. They are now seeking comments on these preliminary findings.
Simple Explanation
The government found that some steel pipes from South Korea were sold too cheaply in the U.S., but one company sold them at the right price. Now, they want people to tell them what they think about this finding.