The Department of Commerce has determined that silicon metal from Malaysia is being sold in the United States at prices lower than its fair value, based on an investigation covering the period from April 1, 2019, to March 31, 2020. As a result, the Commerce Department plans to suspend imports of silicon metal from Malaysia and require deposits equal to the estimated dumping margins. The investigation is to establish whether these imports harm or threaten the U.S. industry, with parties encouraged to comment on the findings. The final decision is postponed to allow further review and verification of the information used in this preliminary determination.
Simple Explanation
The Department of Commerce found that a special metal from Malaysia is sold in the U.S. for a price that isn’t fair. They are checking if this hurts American businesses and asking people to share their thoughts while they continue looking into it.