The U.S. Department of Commerce has preliminarily determined that certain corrosion-resistant steel products from Canada are being sold in the United States at less than fair value. This investigation covers the period from July 1, 2023, to June 30, 2024. The Department has calculated preliminary dumping margins for two Canadian companies and established an "all-others" rate for other producers and exporters not individually examined. U.S. Customs will suspend shipment of these products based on this decision, and interested parties can submit comments on the findings.
Simple Explanation
The U.S. Department of Commerce thinks that some special kinds of steel from Canada are being sold in the U.S. for less money than usual, so they will pause these sales to check if that's true. People who know about this can say what they think to help decide what happens next.