US reduces anti-dumping duty on Vietnamese steel pipes
US reduces anti-dumping duty on Vietnamese steel pipes
The US Department of Commerce (DOC) has issued its final decision to impose an anti-dumping duty on welded stainless steel pressure pipes imported from Viet Nam, Malaysia and Thailand.
According to the Vietnam Competition Authority under the Ministry of Industry and Trade, the Sonha International Corporation, Mejonson Industrial Vietnam Company, Ltd and other Vietnamese manufacturers and exporters will have to pay an anti-dumping duty of 16.25 per cent. Earlier, on December 31, 2013, DOC had made a preliminary decision of applying such a duty, ranging from 17.72 per cent to 53.91 per cent, on Vietnamese enterprises.
Meanwhile, DOC has set dumping margins ranging from 22.7 per cent to 167.11 per cent on Malaysian imports, and from 23.89 per cent to 24.01 per cent on Thai firms.
The US International Trade Commission (USITC) will issue the final decision on July 6. If the order says that the stainless steel pressure pipes imported from Viet Nam, Malaysia and Thailand do not cause any losses or threaten the domestic manufacturing industry in the US, the investigation will end without an anti-dumping duty being imposed.
In case the USITC announces that the imports cause losses or pose threats, the DOC will apply an anti-dumping duty from July 13.
In 2013, the total value of the stainless steel pressure pipes imported from Viet Nam, Malaysia and Thailand into the American market is estimated to have been worth US$10.3 million, $11.9 million and $16.9 million, respectively.
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