Vietnamese stainless steel wire products not circumventing US anti-dumping tax
VOV.VN - Vietnam’s round stainless steel wire products manufactured from materials imported from the Republic of Korea have not circumvented the anti-dumping duty of the United States, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade.
The Authority said the US Department of Commerce (DOC) on May 22 made a final conclusion on its investigation against duty evasion of trade remedies for stainless steel round wire products imported from Vietnam to the United States.
In its final conclusion, the DOC maintained its assessment in its preliminary determination issued in December 2022 that Vietnam’s stainless steel wire products manufactured from materials imported from the RoK were not an act of circumvention of the anti-dumping duty that the United States is applying to similar products of the RoK.
The US side initiated the investigation in February 2022. According to data from the US International Trade Commission (USITC), Vietnam’s HS 7223 steel products exported in 2021 are approximately US$4.9 million.