US lifts dumping duties on Vietnam steel hinh anh 1Illustrative image (Source: VNA)
Hanoi (VNA) - Vietnamese enterprises have become free from US anti-dumping duties on Circular Welded Carbon-Quality Steel Pipe (CWP) in the US market, the Vietnam Competition Authority said.

The information was recently released in the final conclusion of the dumping investigation on the import of CWP from Oman, United Arab Emirates (UAE), Pakistan and Vietnam by the US International Trade Committee (USITC).

USITC determined that CWP imported from Oman, UAE and Pakistan had caused significant damage to the domestic CWP industry. Meanwhile, Vietnam and Pakistan will not be levied anti-dumping and countervailing duties, respectively, because their products satisfied the required conditions.

In accordance with the USITC's decision, the US Department of Commerce will not levy duties on Vietnamese and Pakistan products.

The DOC initiated the dumping investigation on December 17, 2015, after DOC and ITC received petitions on anti-dumping and countervailing from Bull Moose Tube Company, EXLTUBE, Wheatland Tube and Western Tube & Conduit.

In a notice dated July 15, 2016, DOC defined the dumping margin rates for Vietnam Haiphong Hongyuan Machinery Manufactory Co Ltd and Hoa Phat Steel Pipe Co at 2.32 percent.

The rate for SeAH Steel Vina Corporation remained unchanged at zero percent. Other steel pipe exporters will still face the nationwide rate of 113.18 percent, based on adverse reports.

According to the Vietnam Competition Authority, Vietnam's CWP exports to the United States reached 60.6 million USD in 2014, the highest among the four countries probed. – VNA