⚖️Preliminary Determination on Steel Products from Australia | Trade Regulation
Certain Corrosion-Resistant Steel Products From Australia: Preliminary Affirmative Determination of Sales at Less Than Fair Value, Postponement of Final Determination, and Extension of Provisional Measures
Summary
The U.S. Department of Commerce (Commerce) preliminarily determines that certain corrosion-resistant steel products (CORE) from Australia are being, or are likely to be, sold in the United States at less than fair value (LTFV). The period of investigation is July 1, 2023, through June 30, 2024. Interested parties are invited to comment on this preliminary determination.
Agencies
- Commerce Department
- International Trade Administration
Business Impact
$$$ - High
The regulatory text indicates a preliminary determination of less-than-fair value (LTFV) for certain corrosion-resistant steel products from Australia, impacting pricing strategies and potential duties for U.S. businesses importing these products. Compliance with new duties and potential impacts from the pending final determination could significantly affect financial planning and operational costs.