US concludes anti-dumping investigation into Vietnam’s OCTG

Illustrative image. (Photo: VNA)

Hanoi  (VNA) – 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.

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

In the conclusion, the DOC determined that the tariff for SeAH Steel VINA Corporation (SSV) is zero percent. Other manufacturers and exporters of Vietnam receive a 111.47 percent tariff. This result is similar to previous reviews.

The US data also showed that last year the export turnover of OCTGs to this market reached approximately 17 million USD, mainly from SSV.

If new enterprises want to export OCTGs to the US, they can ask the DOC to review under the new exporter mechanism to enjoy separate tariffs, said Trade Remedies Authority (TRA).

The enterprises are advised to contact the Foreign Trade Remedies Handling Office under Trade Remedies Authority to receive more support on the review process and procedures in line with the new exporter mechanism.

According to TRA, the US initiated an anti-dumping investigation into OCTGs from Vietnam in 2013 and issued the final determination in 2014 with the anti-dumping rate for Vietnamese enterprises ranging from 9.57 percent to 111.47 percent./.