|Vietnamese steel product will not be levied anti-dumping because its products satisfied the required conditions. — Photo vca.gov.vn|Viet Nam News
HÀ NỘI — Vietnamese enterprises have become free from US anti-dumping duties on Circular Welded Carbon-Quality Steel Pipe (CWP) in the US market, the Việt Nam Competition Authority said.
The information was recently released in the final conclusion of the dumping investigation on the import of CWP from Oman, United Arab Emirates (UAE), Pakistan and Việt Nam by the United States International Trade Committee (USITC).
USITC determined that CWP imported from Oman, UAE and Pakistan had caused significant damage to the domestic CWP industry. Meanwhile, Việt Nam and Pakistan will not be levied anti-dumping and countervailing duties, respectively, because their products satisfied the required conditions.
In accordance with the USITC’s decision, the US Department of Commerce will not levy duties on Vietnamese and Pakistan products.
The DOC initiated the dumping investigation on December 17, 2015, after DOC and ITC received petitions on anti-dumping and countervailing from Bull Moose Tube Company, EXLTUBE, Wheatland Tube and Western Tube & Conduit.
In a notice dated July 15, 2016, DOC defined the dumping margin rates for Việt Nam Hải Phòng Hongyuan Machinery Manufactory Co Ltd and Hòa Phát Steel Pipe Co at 2.32 per cent.
The rate for SeAH Steel Vina Corporation remained unchanged at 0 per cent. Other steel pipe exporters will still face the nationwide rate of 113.18 per cent, based on adverse reports.
According to the Việt Nam Competition Authority, Việt Nam’s CWP exports to the United States reached US$60.6 million in 2014, the highest among the four countries probed. — VNS