U.S lift anti-dumping tax on Vietnam’s steel enterprises

According to the Vietnam Competition Authority under the Ministry of Industry and Trade, the US International Trade Committee (USITC) concluded Circular Welded Carbon-Quality Steel Pipe (CWP) in the U

In the final conclusion of the dumping investigation on the import of CWP from Oman, United Arab Emirates (UAE), Pakistan and Vietnam by the USITC, USITC determined that CWP imported from Oman, UAE and Pakistan had caused significant damage to the domestic CWP industry. Meanwhile, Vietnam and Pakistan’s products satisfied required conditions. In accordance with the USITC's decision, the US Department of Commerce (DOC) 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.

On July 15, 2016, DOC defined the dumping margin rates for Vietnam Haiphong Hongyuan Machinery Manufactory Co Ltd and Hoa Phat Steel Pipe Co at 2.32 percent 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%.

Other steel pipe exporters will still face the nationwide rate of 113.18 percent, based on adverse reports.

Vietnam's CWP exports to the United States reached 60.6 million USD in 2014, the highest among the four countries probed, the Vietnam Competition Authority added.