US unveils anti-dumping duty on Vietnam’s steel pipe

07/01/2014 12:00 - 452 Views

(VOV) - In its preliminary determination, the US Department of Commerce (DOC) has found Vietnam and two other Southeast Asian countries dumped their welded stainless pressure pipes on its market.

DOC statistics show the US imported US$18 million worth of such pipes from Vietnam, US$18.6 million from Malaysia and US$22.9 million from Thailand in 2012.

It decided to impose dumping margins of 17.71% on Son Ha International Corporation and Mejonson Industrial Vietnam Corporation Limited, and 53.91% on other Vietnamese companies.

The dumping margins on Malaysian companies are extremely high, more than 167%, while those on Thai companies range only between 7-10%.

The US Customs Service will ask these companies to pay cash deposits over 90 days based on the proposed margins.

It is scheduled to announce its final determination on May 17, 2014.

Source: http://english.vov.vn/