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US concludes anti-dumping investigation into Vietnam’s OCTG

The US Department of Commerce (DOC) has announced the results of the third administrative review for Vietnam’s oil country tubular goods (OCTG) for the period from September 1, 2018, to August 31, 2019, according to Trade Remedies Authority of Vietnam under the Ministry of Industry of Trade.
US concludes anti-dumping investigation into Vietnam’s OCTG ảnh 1 Illustrative image. (Photo: VNA)

Hanoi  (VNA) – The US Department of Commerce (DOC) has announced the results of thethird administrative review for Vietnam’s oil country tubular goods (OCTG) forthe period from September 1, 2018, to August 31, 2019, according to TradeRemedies Authority of Vietnam under the Ministry of Industry of Trade.

OCTGs areessentially tubes that are used in oil and gas production.

In theconclusion, the DOC determined that the tariff for SeAH Steel VINA Corporation(SSV) is zero percent. Other manufacturers and exporters of Vietnam receive a111.47 percent tariff. This result is similar to previous reviews.

The US dataalso showed that last year the export turnover of OCTGs to this market reachedapproximately 17 million USD, mainly from SSV.

If newenterprises want to export OCTGs to the US, they can ask the DOC to review underthe new exporter mechanism to enjoy separate tariffs, said Trade RemediesAuthority (TRA).

The enterprises areadvised to contact the Foreign Trade Remedies Handling Office under TradeRemedies Authority to receive more support on the review process and proceduresin line with the new exporter mechanism.

According toTRA, the US initiated an anti-dumping investigation into OCTGs from Vietnam in2013 and issued the final determination in 2014 with the anti-dumping rate forVietnamese enterprises ranging from 9.57 percent to 111.47 percent./.

VNA
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