Steel pipe exporters cleared of dumping accusations

31-May-2012 Intellasia | Saigon Times Daily | 7:01 AM Print This Post

Major steel pipe exporters of Vietnam did not dump their products in the US, according to the preliminary investigation result of the US Department of Commerce (DOC).

DOC last week announced the preliminary determination in the anti-dumping investigation into circular welded carbon-quality steel pipes imported from Vietnam, India, Oman and the United Arab Emirates (UAE), said the Competition Management Department under Ministry of Industry and Trade.

Particularly, DOC determined to set a preliminary anti-dumping tax rate of 0 percent on Vietnamese mandatory respondents SeAH Steel VINA Dong Nai Corp. and Vietnam Hai Phong Hongyuan Machinery Manufactory Co. Ltd

Meanwhile, Sun Steel Joint Stock Company, Huu Lien Asia Corporation and Hoa Phat Steel Pipe Co., who voluntarily joined the investigation, are levied a dumping margin of 9.32 percent. Other steelmakers of Vietnam are slapped a 27.96 percent tariff.

According to the Competition Management Department, such a result is attributed to the fact that Vietnamese enterprises have actively participated in the investigation, hired lawyers and collected evidences. On the other hand, tSTC who did not join the anti-dumping case are levied the rate of as much as 27.96 percent based on the unfavourable information provided by the plaintiff.

Since the anti-subsidy and anti-dumping lawsuit against steel pipes from Vietnam, India, Oman and UAE was initiated late last year, DOC has announced the preliminary determinations in both investigations. It is expected that DOC will announce the official determinations this October.

According to the preliminary determination in the anti-subsidy investigation announced on March 27 this year, Vietnamese steel pipes exported to the US have received a subsidy rate of 0.04-8.06 percent.

Recently, Brazil has filed a lawsuit against Vietnamese cold-rolled steel. These accusations occur in the context that Vietnam starts to boost steel exports.

According to the general Department of Customs, Vietnam exported over $1.1 billion worth of steel products last year, surging 114 percent against 2010.

 


Category: Business

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