US delays final conclusion on anti-dumping probe into Viet Nam’s stainless steel

Update: 09:43 | 14/09/2021
The United States Department of Commerce (DOC) has extended the deadline for issuing the final conclusion on anti-dumping and anti-subsidy probe into stainless steel from Viet Nam, according to the Trade Remedies Authority of Viet Nam.
US delays final conclusion on anti-dumping probe into Viet Nam’s stainless steel
Illustrative image. (Photo: Getty Images)

The conclusion is now due to be released on January 5 next year.

Earlier on May 15 last year, the DOC self-initiated an inquiry into possible circumvention on duty orders on stainless steel sheet and trip from Viet Nam.

The DOC had suspected that these products were manufactured in China and then outsourced in Viet Nam before being exported to the US. It conducted a probe into a scope inquiry to determine whether Vietnamese stainless steel products are subject to tax imposition or anti-circumvention behaviour.

According to the Trade Remedies Authority of Viet Nam, this is a probe initiated by the DOC. It’s not based on the accusation of the domestic industry as the DOC believes that there have been signs showing Vietnamese steel products might circumvent the US safeguard measures that have been imposed on China’s similar products.

Since February 2017, the DOC has imposed an anti-dumping duty of 63.86 -76.64 percent and anti-subsidy duty of 75.60-190.71 percent on Chinese stainless steel products while the tax rate applied to Vietnamese products is zero percent.

To protect the legitimate interests of concerned exporters, the authority advised enterprises to closely monitor the development of the case and cooperate with the investigating agency and provide timely feedback on the DOC’s conclusions. They are also encouraged to regularly contact the authority for more support during the handling of the case.

Viet Nam is a vibrant emerging market with good consumer demand for Middle Eastern enterprises
Viet Nam to impose anti-dumping duties on Malaysia’s H-beam steel
Steel, mechanical firms in struggle for survival amid COVID-19
Hoa Phat to export 120,000 tonnes of steel billets to China
Aluminium, steel exporters urged to consider requesting tax exemption

(Source: VNA)