US issues preliminary ruling on VN steel

The US Department of Commerce (DOC) has announced preliminary affirmative rulings on corrosion-resistant steel (CORE) and certain cold-rolled steel flat products imported from Vietnam and produced from substrate originating in China.

Accordingly, cash deposits would be collected on imports of CORE and cold-rolled steel produced in Vietnam using Chinese-origin substrate.

In a release on its website, DOE said CORE and cold-steel imported from Vietnam produced from substrate originating in China were circumventing existing antidumping and countervailing duty orders on products imported from China.

us issues preliminary ruling on vn steel  hinh 0
The US will collect cash deposits on imports of CORE and cold-rolled steel produced in Vietnam using Chinese-origin substrate.

The US ruling provided that DOC might find circumvention of antidumping/countervailing duty orders when merchandise that was the same class or kind as merchandise subject to existing orders is completed or assembled in a third country prior to importation into the US.

The Customs and Border Protection will collect antidumping and countervailing duty cash deposits on imports of CORE produced in Vietnam using Chinese-origin substrate at rates of 199.43% and 39.05%, respectively.

The rates on imports of cold-rolled steel produced in Vietnam using Chinese-origin subtrate are 265.79% and 256.44%, respectively.

These cash deposit rates were previously established in investigations on cold-rolled steel and CORE from China.

Duties will apply to all shipments entering the US on or after November 4, 2016, the date the circumvention inquiries were initiated, that remain unliquidated.

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, according to the release.

DOC’s statistics showed that shipments of CORE from Vietnam to the Unisted Stat increased from US$2 million to US$80 million after preliminary duties were imposed on Chinese products in 2015.

Likewise, shipments of cold-rolled steel from Vietnam to the US increased from US$9 million to US$215 million after preliminary duties were imposed on Chinese products in 2015.

DOC is currently scheduled to announce its final determinations in these inquiries on February 16, 2018.

The case was initiated in September when US steel producers, including ArcelorMittal USA, Nucor Corp., AK Steel Holdings Corp. and Steel Corp, filed lawsuits in which they claimed Chinese steel producers shipped products via Vietnam to evade tariffs.

In November, the EU’s anti-fraud office said it found Chinese steel was shipped through Vietnam to evade the bloc’s tariffs.

VNS

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