US continues anti-dumping investigations into Vietnamese steel

(VOV) – The US International Trade Commission (ITC) has used an August 16 vote to confirm its resolve regarding ongoing anti-dumping duty investigations into Certain Oil Country Tubular Goods imported from Vietnam.

The ITC said that the US steel sector has been damaged by imported Vietnamese steel pipes, prompting the lodging of the initial anti-dumping lawsuit.

Following US Government procedure, the Department of Commerce (DOC) will now continue with preliminary investigations into Certain Oil Country Tubular Goods imported from Vietnam.

The preliminary anti-subsidy duty rate will be unveiled on September 13 with the preliminary anti-dumping duties following later on December 9.

Eight nations—the Republic of Korea, India, Taiwan (China), Turkey, and Ukraine—are facing similar investigations.

Dao Tran Nhan, head of Vietnam’s trade office in the US, said the investigations are themselves anti-competitive and protectionist.

The office noted the majority of Vietnamese Certain Oil Country Tubular Goods are produced by joint ventures or foreign-invested companies.

The DOC launched its largest ever anti-dumping investigation into Asian steel pipes on July 23.

Vietnam’s US trade office said the DOC slashed its preliminary 103.43-111.47 percent anti-dumping duty imposed on Vietnamese steel pipes during the investigation.

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