US imposes zero tax rate on Vietnamese steel pipes

26/10/2012 12:00 - 422 Views

(VOV) – Vietnam’s welded carbon-quality steel pipes exported to the US market will enjoy an anti-dumping duty (AD) of zero percent following the US Department of Commerce (DOC)’s final decision.

The DOC affirmed SeAH Steel Vina Corporation and Vietnam Haiphong Hongyuan Machinery Manufactory Co. Ltd. did not receive any government subsidy as previously accused by the US. Therefore, the US’s anti-dumping lawsuit against steel pipes imported from Vietnam is officially removed.

Nguyen Duc Nghi, Deputy Chairman of the Vietnam Steel Association, said while DOC investigations were underway, local steel exporters had closely coordinated with relevant ministries and agencies and hired international layers to protect their rights. They finally succeeded in proving that there was no dumping of Vietnamese steel pipes on the US market.

Though the DOC removed its AD on Vietnamese welded carbon-quality steel pipes imported to the US after March 30, 2012, these products are still facing anti-dumping duty at the moment, Nghi said.

On October 12, he added, the Thai Ministry of Commerce officially commenced its investigation into the alleged dumping of cold rolled coil imports from China and Vietnam.

The Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade (MoIT) has asked local steel businesses to fully participate and closely co-ordinate with Thai investigation agencies to fulfill their requirements.

October 23, 2012

Source: vov news