The Department of Commerce has preliminarily found that a key respondent from India sold stainless steel bars at prices below the normal value between February 1, 2019, and January 31, 2020. This review covers companies like the Venus Group and Ambica Steels Limited. Due to missing information, the Department used available facts with adverse inferences against the Venus Group. Interested parties can comment on these preliminary findings, which include a proposed antidumping duty of 30.92% on relevant imports, and results are expected to be finalized within 120 days of the notice's publication.
Simple Explanation
The government looked at how some companies from India sold stainless steel bars in the U.S. They found that one company was selling them at prices that were too low, which isn't fair, so they might have to pay extra fees. Other people can give their thoughts on this before the final decision.