The U.S. Court of International Trade (CIT) has made a decision that is not in line with the Department of Commerce's original findings regarding antidumping duties on welded line pipe from South Korea, specifically for the companies Hyundai Steel, SeAH Steel Corporation, and others. As a result, the Department of Commerce has recalculated and adjusted the dumping margins—the percentage that products are sold below fair market value—accordingly. The CIT's decision includes changes to how certain sales and costs were calculated in response to appeals and takes effect from January 14, 2021. This announcement ensures that future imports from these companies have the adjusted rates, pending any new legal challenges.
Simple Explanation
The court told the Commerce Department that they needed to change the numbers they used to figure out if some steel pipes from South Korea were being sold too cheaply in the U.S. Now, the Commerce Department has fixed those numbers like the court said to make sure the pipe companies are playing fair.