Today, the U.S. Department of Commerce announced final affirmative rulings that corrosion-resistant steel (CORE) and certain cold-rolled steel flat products (cold-rolled steel) imported from the Socialist Republic of Vietnam (Vietnam) produced from substrate originating in the People’s Republic of China (China) are circumventing the antidumping and countervailing duty (AD/CVD) orders on CORE and cold-rolled steel imported from China. As a result of today’s announcement, Commerce will instruct Customs and Border Protection (CBP) to continue collecting cash deposits on imports of CORE and cold-rolled steel produced in Vietnam using Chinese-origin substrate.
U.S. law provides that Commerce may find circumvention of AD/CVD orders when merchandise that is the same class or kind as merchandise subject to existing orders is completed or assembled in a third country prior to importation into the United States.
CBP will continue to collect AD and CVD cash deposits on imports of CORE produced in Vietnam using Chinese-origin substrate at rates of 199.43 percent and 39.05 percent, respectively. CBP will also collect AD and CVD cash deposits on imports of cold-rolled steel produced in Vietnam using Chinese-origin substrate at rates of 199.76 percent and 256.44 percent, respectively. These cash deposit rates were previously established in the AD and CVD investigations on cold-rolled steel and CORE from China. Cash deposits will apply to all unliquidated entries on or after November 4, 2016, the date the inquiries were initiated. Importers and exporters of Vietnamese merchandise that is produced from substrate originating in Vietnam or a third-country have the option of seeking an exemption from cash deposits by certifying that the substrate originated outside of China.
Shipments of CORE from Vietnam to the United States increased from $2 million to $80 million after preliminary duties were imposed on Chinese products in 2015. Likewise, shipments of cold-rolled steel from Vietnam to the United States increased from $9 million to $215 million after preliminary duties were imposed on Chinese products in 2015.
These inquiries were conducted in response to requests from U.S. domestic producers of CORE and cold-rolled steel: Steel Dynamics, Inc. (IN), California Steel Industries (CA), AK Steel Corporation (OH), ArcelorMittal USA LLC (IN), Nucor Corporation (NC), and United States Steel Corporation (PA).
If
you want to import GOOD QUALITY Steel Coils and GI Pipe with No Anti-Dumping
tax from Vietnam, please contact us at:
- Email: datdq@namkimgroup.vn
- Mobile/Whatsapp: +84 973 765 730
- Line ID: namkimsteel01Thank you and best regards,
Henry Do - Sales Representatives of Nam Kim Steel
-Website: https://steelvn.com/
Hope you can forward this message
to your purchasing manager or related directors if you are not the intended
one.
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