DOC to impose anti-dumping taxes on Vietnamese steel
The US Department of Commerce (DOC) will officially impose anti-dumping taxes on oil country tubular goods (OCTG) imported from Vietnam on September 2.
The DOC has concluded that several nations including Vietnam dumped OCTG in the US market.
The DOC’s decision was made after complaints lodged by American manufacturers including US Steel Corporation, Maverick Tube Corporation and Boomerrang Tube against Vietnam and eight other countries and territories.
During the DOC’s investigation, Vietnam’s SeAH Steel Vina Corporation was levied 24.22% while Hot Rolling Pipe Co., Ltd. Vietnam, which has failed to answer the DOC’s questionnaire, received the highest dumping margin of 111.47 percent.
Earlier on February 18, the DOC issued a preliminary decision on the case under which Vietnamese companies received a dumping margin ranging from 9.57% and 111.47%.
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