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The Vietnam Competition Authority (VCA) announced on May 27 that the US Department of Commerce (DOC) has lowered anti-dumping tax, on Vietnam’s stainless steel pressure pipes, to 16.25%.
In its final decision, the DOC agreed to reduce the tax rate, which was proposed at 17.72-53.91% on December 31, 2013, following the Department’s preliminary determination.
Vietnamese firms involved in the DOC’s anti-dumping investigation included Son Ha International Corporation and Mejonson Industrial Vietnam Co. Ltd.
VCA reported that US producers required the imposition of anti-dumping duties on stainless steel pressure pipes imported from Malaysia, Thailand and Vietnam after discovering the products had been sold at unfairly low prices.
In the DOC’s final decision, Malaysian exporters faced 22.70-167.11% tax rate, while those from Thailand were levied 24.01-23.89%. Vietnam received the lowest rate.
Last year, Vietnam’s stainless steel export earnings from the US hit US$10.3.The US International Trade Commission is due to make its final decision on whether the imports harmed local industry on July 6, and the DOC will issue the order to impose the anti-dumping tax on July 13, 2014.
However, in case the USITC shows its opposition, the investigation will end without any anti-dumping duties.
Source VOV
