Vietnam stainless steel round wires not evade US’s anti-dumping duties: MoIT

19:58 | 26/05/2023 Import-Export Follow english.haiquanonline.com.vn on

Vietnam stainless steel round wires not evade US’s anti-dumping duties: MoIT hinh anh 1

Illustrative image (Source: baodautu.vn)

Vietnam’s stainless steel round wires made from materials imported from the Republic of Korea (RoK) do not evade the US’s anti-dumping duties, affirmed the Department of Trade Defence under the Ministry of Industry and Trade (MoIT), citing a document issued by the US’s Department of Commerce (DOC) on May 22.

The DOC's final conclusion on an anti-dumping tax evasion investigation into stainless steel round wires imported from Vietnam affirmed that the products are free from anti-dumping tax evasion.

The conclusion is the same as what DOC said in December 2022 that Vietnam’s stainless steel round wires manufactured from materials imported from the RoK did not evade the anti-dumping duties that the US was imposing on similar products of the RoK.

According to the Department of Trade Defence, anti-dumping tax evasion investigations into Vietnam’s stainless steel round wires started in February 2022. Data from the US International Trade Commission (USITC) showed that Vietnam's exports of steel products coded HS 7223 in 2021 was about 4.9 million USD./.

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