Wednesday, September 27 2017

VietNamNews

Anti-dumping duty levied on steel pipes

Update: January, 08/2014 - 08:59
A worker checks stocks at the Viet Nam - Germany Steel Pipe Joint Stock Company in the northern province of Vinh Phuc. — VNA/VNS Photo Huy Hung

HA NOI (VNS)— The United States' Department of Commerce (DoC) has said that Viet Nam and two other Southeast Asian countries had dumped their welded stainless steel pressure pipes in the American market.

Following a preliminary investigation, Son Ha International Corporation and Mejonson Industrial Viet Nam Co will face a preliminary anti-dumping duty of 17.72 per cent, while the other Vietnamese companies involved will face an anti-dumping duty of 53.91 per cent.

The anti-dumping duty imposed on Malaysian companies was much higher – more than 167 per cent – while the punitive duty on Thai companies ranged between seven and 10 per cent.

The companies will also be asked to pay cash deposits based on the preliminary rates calculated in the investigations.

DoC is scheduled to announce its final decision on May 17.

A senior company official in charge of the issue was unavailable for comment, according to a representative of the Son Ha International Corporation contacted by Viet Nam News yesterday.

DoC statistics showed that the US imported $18 million worth of welded stainless steel pressure pipes from Viet Nam, while pipes worth about $18.6 million and $22.9 million were imported from Malaysia and Thailand, respectively, in 2012. — VNS


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