The Department of Commerce has decided to cancel its review of countervailing duties on cold-rolled steel flat products from Brazil for the year 2019. This decision was made after Nucor Corporation and United States Steel Corporation, the original requesters of the review, withdrew their request before the deadline. As a result, the existing duty rates will remain in effect, and U.S. Customs and Border Protection will be informed to apply these rates to the relevant entries. This decision was published in the Federal Register and complies with specific legal and regulatory guidelines.
Simple Explanation
The Department of Commerce decided not to look at the special taxes on steel from Brazil for 2019 because the people who asked for this check decided not to do it anymore, so the same rules will keep being used.