The U.S. Department of Commerce amended the final results of a review on antidumping duties for pure magnesium imported from China during May 1, 2022, to April 30, 2023. The review identified ministerial errors in computing transportation and labor costs, impacting the dumping margin for Tianjin Magnesium Metal Co., Ltd. and its affiliate. Correcting these errors changed their dumping margin from 32.60% to 25.26%. The amended results affect future duties and deposits, with new cash deposit rates applicable from December 13, 2024.
Simple Explanation
The U.S. says that when they checked the prices of magnesium metal from China, they found a mistake in their math that made the company pay too much extra money. So, they fixed it, and now the company will have to pay less extra money when they sell magnesium to the U.S.