The U.S. Department of Commerce has issued a preliminary finding that certain corrosion-resistant steel products from Türkiye are being sold in the U.S. at prices less than fair value. This investigation covers the period from July 1, 2023, to June 30, 2024, and interested parties can submit comments on this determination. Commerce has calculated a dumping margin of zero for the company Borcelik but assigned a positive rate for Yıldız Demir Çelik Sanayi A.S. and others, which is also applied to all other producers and exporters not individually assessed. Additionally, the final decision on this investigation has been postponed, and relevant provisional measures have been extended for up to six months.
Simple Explanation
The U.S. Department of Commerce found that some steel from Türkiye is being sold too cheaply in America, except for one company that was okay. They're still thinking about this and might change their mind later.