US to levy anti-dumping duty on pipes

July 10, 2014 | 08:15

(0) user say

The Viet Nam Competition Authority reported on July 7 that the US will levy anti-dumping duty on welded stainless pressure pipes imported from Viet Nam, Malaysia and Thailand this year.

Vietnamese businesses will have to pay an anti-dumping duty of 16.25 per cent for welded stainless pressure pipes exported to the US. Photo inoxquangminh.com

This follows a vote to that effect by the US International Trade Commission (USITC).

The department said that the USITC made its decision while affirming that the import of welded stainless pressure pipes from the three countries has been causing significant losses to local firms which produce the same product.

Basing on the USITC's voting result, the US Department of Commerce (DoC) is likely to impose anti-dumping duty on imported welded stainless pressure pipes from July 13, 2014.

Last month, the DoC submitted the conclusions of its investigation, under which Vietnamese manufacturers and exporters would have to pay an anti-dumping duty of 16.25 per cent. Earlier, on December 31, 2013, DoC had made a preliminary decision of imposing duty ranging from 17.72 per cent to 53.91 per cent on Vietnamese enterprises.

Meanwhile, DoC has set dumping margins, ranging from 22.07 per cent to 167.11 per cent on Malaysian imports, and from 23.89 per cent to 24.01 per cent on Thai products.

According to the Viet Nam Competition Authority, the US imported $10.3 million worth of welded stainless steel pressure pipes from Viet Nam, pipes worth $11.9 million from Malaysia and pipes worth $16.9 million from Thailand.

The case involving welded stainless steel pressure pipes is the fourth anti-dumping and countervailing duty lawsuit the US has filed against Vietnamese products since 2011.

The other three lawsuits involved oil tubular goods, carbon-welded steel pipes and steel wire garment hangers.

VNS

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional