return icon Vietnamnet.vn

Vietnamese steel pipes face U.S. probe into evasion of trade remedies

The United States has received a petition from US-based steel producers demanding a tax-fraud probe into several steel pipe products imported from Vietnam.

According to the Trade Remedies Authority of Vietnam, Vietnamese steel products mentioned by the U.S. Department of Commerce (DOC) are square steel tubes and round carbon steel pipes, the local media reported.

The petitioners include Nucor Corporation, Bull Moose Tube and Maruichi Steel Corporation, blaming Vietnam for importing hot rolled steel, which is the main material for steel pipe production, from China and South Korea, to simply process it into steel pipe products and export them to the United States.

The action is aimed at evading trade remedy measures levied on China and South Korea by the U.S., according to the petition.

Since 2008, the United States has been imposing respective anti-dumping duties of up to 86% and 265% on square steel pipes and round carbon steel pipes imported from China, and anti-subsidy taxes of 30%-616% and 2.2%-201% on these products.

Meanwhile, anti-dumping duties having been imposed on round carbon steel pipes imported from South Korea are 4.91%-11.63% since 1992.

Statistics from the United States International Trade Commission indicate that last year, the total value of these Vietnamese steel pipes shipped to the U.S. market was over US$57 million.

Pursuant to the U.S. regulations, within 30 days after receiving a petition, DOC will decide to launch a probe. As such, the Trade Remedies Authority told Vietnamese steel firms to review their export operations and brace for an investigation from the U.S.

Source: Saigon Times

MORE NEWS

Data centers: Vietnam's bright spot

Under the impact of Covid-19, many activities have moved to online platforms and amount of data uploaded has been increasing.

More Vietnamese scientists returning to home country

More Vietnamese scientists decided to return to the country with a desire to devote themselves to their homeland’s growth.

Hoang to defend WBA belt in hometown next month

Truong Dinh Hoang announced the bout on his Facebook page on February 26, though the challenger has yet to be named.

Sea tourism and expectations for a 'made in Vietnam' fleet

The number of cruise tourists accounts for only 2-3% of the total number of international visitors to Vietnam.

Hanoi’s tourism sector rakes in over VND1 trillion during Tet holiday

The capital expects to welcome roughly 332,000 visitors, including 32,000 international guests, during the Lunar New Year holiday from January 21 to January 26, with total revenue anticipated to reach more than VND1 trillion.

Stone lion statues - Symbol of stone sculpture art of Ly Dynasty

According to Buddhism, lion is the embodiment of intellectual power, but with stars on the body, the stone lions of the Ba Tam pagoda-temple also have the meaning of carrying the moving sky.

Vietnam's retail market predicted to bustle in 2023

Although 2023 is forecast to see many difficulties, experts expect this is a recovery year of the retail sector after COVID-19 pandemic as there are many signs showing the return of investors and higher demands.

Vietnam's leather and footwear industry targets US$27 billion in 2023 exports

The leather and footwear industry is striving to reach US$27 billion in export turnover in 2023, an increase of about 10% compared to one year earlier amid shrinking major markets and falling demand.

Discovering artisans' skills in Thanh Ha ancient pottery village

If pottery villages now mainly use molds, artisans in the Thanh Ha ancient pottery village in Hoi An city, Quang Nam, have kept their traditional method of making pottery - hand made and wheel thrown.

Destinations across Vietnam report surges in holiday-maker numbers during Tet

Tourist attractions across Vietnam have lured large numbers of holiday-markers during the week-long Lunar New Year (Tet) festival from January 20-26.

EVFTA presents tremendous trade, investment advantages

Commitments outlined in the EVFTA on both trade and investment are expected to contribute to attracting European businesses and investors to expand their activities in Vietnam, further promoting trade and investment cooperation.

10 houses with special architecture in Vietnam

With bold ideas, architects can create houses that are both aesthetic and functional. Here are 10 interesting houses in Vietnam.

89 people killed in traffic accidents during seven-day Tet holiday

A total of 152 traffic accidents occurred nationwide, killing 89 people and injuring 111 others during the 2023 Tet Lunar New Year holiday from January 20-26, reported the Traffic Police Department.

End of Tet holiday marked by high traffic congestion around major cities

In a bid to avoid the congestion, many people opted to return on Wednesday afternoon or Thursday morning.

Water resources planning scheme for 2021-2030 announced

The Ministry of Natural Resources and Environment (MONRE) has announced a water resources planning scheme for the 2021-2030 period with a vision to 2050, which was approved by the Prime Minister in December 2022.
back_to_top