U.S. may lift anti-dumping tax on Vietnam steel firm

24/10/2016 12:00 - 616 Views

The U.S. Department of Commerce (DOC) is considering removing an anti-dumping duty on steel products of a Vietnamese company.

The DOC has issued a preliminary decision on an administrative review of the anti-dumping duty order on certain oil country tubular goods (OCTG) from Vietnam for the period from February 25, 2014 through August 31, 2015, according to the Vietnam Competition Authority (VAC) under the Ministry of Industry and Trade.

The DOC has still imposed a common tariff of 111.4% on Vietnam’s OCTG exporters while only SeAH Steel Vina Corporation (SSV) working hand in hand with the DOC during the review period is subject to an anti-dumping duty of 0%.

The DOC preliminarily determined that SSV did not sell subject merchandise in the U.S. at prices below normal value.

The DOC plans to issue the final results of this administrative review within 120 days of publication of these preliminary results in the Federal Register.

On July 11, 2014, the DOC announced its final decision confirming dumping margins for OCTG imports from Vietnam, India, South Korea, the Philippines, Saudi Arabia, Taiwan, Turkey and Ukraine as well as steel pipes made in India and Turkey.

SSV, one of the two compulsory defendants in Vietnam subject to the U.S. investigations, was imposed an anti-dumping duty of 24.22% while Hot Rolling Pipe must pay a general anti-dumping margin of 111.47% for steel exporters in Vietnam as it refused to fill in the DOC’s questionnaire. VAC considers the rate levied on Hot Rolling Pipe and other companies in Vietnam is the highest anti-dumping margin claimed by petitioners.
 
Source: The SaigonTimes
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