The US extends the conclusion of an investigation against anti-dumping tax evasion with stainless steel wire

The Department of Trade Remedies (Ministry of Industry and Trade) said that the Department has received information about the US Department of Commerce (DOC) extending the time to issue final conclusions on the investigation of evasion of anti-dumping tax on steel. round stainless steel wire imported from Vietnam. The final conclusion is expected to be issued on May 24, 2023.

This is the case the US initiated the investigation in February 2022. In December 2022, the DOC announced the preliminary conclusion of the case, which temporarily determined that Vietnam's stainless steel wire products manufactured from materials imported from Korea were not evading anti-dumping duties. dumping that the US is applying to similar goods of Korea.

According to data of the Vietnam Steel Association (VSA), finished steel production in the first quarter of 2023 reached 6.7 million tons, down 21% over the same period in 2022. Finished steel sales reached more than 6 million tons, down 25% over the same period in 2022. Of which exports reached 1.659 million tons, down 9%.

VSA's statistics show that in the period from 2004 to March 2023, Vietnam's steel exports were involved in 69 lawsuits. Including 39 anti-dumping lawsuits; 3 anti-subsidy lawsuits; 6 anti-dumping and anti-subsidy lawsuits; 13 cases of investigation of applying safeguard measures; 8 cases of anti-dumping and anti-subsidy tax evasion with anti-corrosion carbon steel products (galvanized steel).

Vietnambiz