US imposes anti-dumping duties of up to 130% on Vietnamese rebar
VOV.VN - The US Department of Commerce (DOC) has issued a preliminary determination imposing anti-dumping duties of up to 130.77% on steel reinforcing bar (rebar) imports from Vietnam, with Hoa Phat Group subject to a preliminary rate of 121.97%.
According to the Trade Remedies Authority of Vietnam, under the Ministry of Industry and Trade, the DOC selected a Vietnamese company as the mandatory respondent in the investigation. The case involves a total of 10 affiliated companies linked to this respondent.
Among the firms listed are subsidiaries of Hoa Phat Group, including Hoa Phat Hai Duong Steel, Hoa Phat Dung Quat Steel, and Hoa Phat Hung Yen Steel.
Under the preliminary determination, the anti-dumping duty (AD duty) for the mandatory respondent and its affiliated companies has been set at 121.97%. Meanwhile, other Vietnamese exporters not selected as mandatory respondents face a country-wide rate of 130.77%.
The preliminary duty rates applied to Vietnamese exports are significantly higher than those imposed on other countries involved in the same investigation. Steel reinforcing bar exports from Bulgaria face a preliminary rate of 52.8%, while those from Egypt are subject to rates ranging from 34.2% to 52.73%.
Given the relatively high preliminary duties, Vietnamese exporters are advised to actively cooperate with US authorities and provide comprehensive information during the investigation in order to reduce the final duty rates.
The Trade Remedies Authority reported that following the preliminary determination, the US Department of Commerce may issue supplemental questionnaires and conduct on-site verification at Vietnamese companies to validate submitted data.
The final determination of the anti-dumping investigation is expected to be issued in July.
To achieve a more favourable outcome, Vietnamese enterprises are encouraged to carefully review the preliminary findings, consult with legal advisors, and prepare necessary documentation and arguments for the next stage of the investigation.
Authorities also recommend that affected producers and exporters closely monitor developments in the case, maintain full cooperation with the US investigation process, and prepare thoroughly for the upcoming on-site verification.