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US lodges anti-dumping lawsuit against Vietnam’s cold-rolled steel
10/10/2016 12:00
Several US steel producers recently submitted an anti-dumping and countervailing petition to the US Department of Commerce (DOC) concerning cold-rolled steel imported from Vietnam, said the Ministry of Industry and Trade.
The producers asked the DOC to launch an investigation and delay the payment for the shipments of cold-rolled steel from Vietnam. They also suggested that deposits for the import should equal to anti-dumping and countervailing duties on Chinese imports.
The DOC is expected to make a decision on November 10 on whether to launch an investigation and issue the final decision within the next 300 days.
Earlier on August 24, 2015, the US launched an anti-dumping and countervailing investigation against cold-rolled steel originated from China, Brazil, India, Japan, the Republic of Korea, the Netherlands, Russia and the UK.
On May 24, 2016, the US imposed 199.76 percent anti-dumping tax and 256.44 percent countervailing duty on cold-rolled steel from China.
Following the decision, imports from China dropped significantly but those from Vietnam surged.
The producers asked the DOC to launch an investigation and delay the payment for the shipments of cold-rolled steel from Vietnam. They also suggested that deposits for the import should equal to anti-dumping and countervailing duties on Chinese imports.
The DOC is expected to make a decision on November 10 on whether to launch an investigation and issue the final decision within the next 300 days.
Earlier on August 24, 2015, the US launched an anti-dumping and countervailing investigation against cold-rolled steel originated from China, Brazil, India, Japan, the Republic of Korea, the Netherlands, Russia and the UK.
On May 24, 2016, the US imposed 199.76 percent anti-dumping tax and 256.44 percent countervailing duty on cold-rolled steel from China.
Following the decision, imports from China dropped significantly but those from Vietnam surged.
Source: Vietnamnet
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