US initiates probe into dumping and countervailing duties on Vietnamese steel

16:55 | 06/10/2024 Foreign trade Follow Ven.vn on

The United States Department of Commerce (DOC) has officially initiated an anti-dumping and countervailing duty investigation into corrosion-resistant steel (CORE steel) imported from Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV).

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The DOC determined that Vietnam exported CORE products worth US$626 million, US$751 million and US$242 million to the US in 2021, 2022 and 2023 respectively, ranking third among 10 countries under investigation, after Canada and Mexico.

The products that are subject to investigation include those with HS codes 7210.30, 7210.41, 7210.49, 7210.61, 7210.69, 7210.70, 7210.90, 7212.20, 7212.30, 7212.40, 7212.50, 7212.60, and 7226.99.

The anti-dumping and anti-subsidy investigation period is the first half of the year and the entirety of 2023, with the injury probe period being three years from 2021 to 2023.

On September 25, the DOC issued a questionnaire both into anti-dumping and countervailing cases in order to select mandatory defendants.The deadline for submitting responses is October 9, with a possible extension.

Businesses are required to proactively register for an IA ACCESS account at the DOC's electronic information portal at https://access.trade.gov/login.aspx and to stay updated on information and submit documents to the US investigation agency.

They are advised to regularly co-ordinate efforts and update information with the TRAV to receive timely support.

Source: VOV

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