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Vietnamese industrial fasteners face anti-dumping lawsuit in US

Jun 2nd at 13:36
02-06-2014 13:36:44+07:00

Vietnamese industrial fasteners face anti-dumping lawsuit in US

US Mid Continent Steel & Wire, Inc has lodged complaints with the US Department of Commerce (DOC) alleging Vietnam and six other countries illegally dumped industrial fasteners on the US market causing material damages to US firms.

The Competition Management Agency (CMA) under the Ministry of Industry and Trade said that US Mid Continent Steel & Wire asked the DOC to conduct an anti-dumping probe of industrial fasteners (screws, bolts and nuts) imported from 7 countries, including Vietnam.

This is the fourth anti-dumping lawsuits against products imported from Vietnam following similar suits involving P.E plastic bags, carbon welded steel pipes and steel wire garment hangers.

The DOC is scheduled to issue its decision on June 18, 2014.

According to the US statistics, Vietnamese metal fastener exports to the US reached US$41 million in 2013, an increase of 42% from a year earlier. They hit US$9.3 million in the first four months of this year.

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