The Department of Commerce has found that seamless carbon and alloy steel pipes from Russia are being sold in the U.S. at prices lower than fair value during the investigation period from July 1, 2019, to June 30, 2020. As a result, U.S. Customs and Border Protection will suspend the importation of these pipes, and cash deposits will be required based on the calculated dumping margins. The final decision will take longer due to a request for postponement. Further comments on the investigation are being sought from interested parties, and the public will be notified of the final determination.
Simple Explanation
The U.S. found that some steel pipes from Russia were being sold too cheaply, so now they must hold off on selling more until the final decision is made, which will take more time.