The Department of Commerce has preliminarily determined that a producer/exporter from Australia sold certain hot-rolled steel flat products in the U.S. at prices below the normal value between October 1, 2018, and September 30, 2019. Interested parties are encouraged to comment on these findings. The review inadvertently included AJU Steel USA Inc., which should not have been part of it, and Commerce plans to rescind the review concerning AJU Steel. The results might lead to adjustments in antidumping duties and cash deposit rates for future shipments.
Simple Explanation
The Department of Commerce found that a company from Australia sold some steel products in the U.S. for cheaper than usual prices between 2018 and 2019. They want people to share their thoughts about this and might change some rules about taxes on these steel products.