The US investigates Vietnam's steel storage price antidumping claims.

DNHN - Price of non-packaged steel bolts with HS code 9403.20.0075; Code A-552-835 is being investigated. Eddsal Manufacturing Co., Inc. (America) is the plaintiff.

The Department of Trade Defence (Ministry of Industry and Trade) reported that the U.S. Department of Commerce (DOC) has formally initiated an anti-dumping investigation on Vietnam-imported steel products.

The price of non-packaged steel bolts with HS code 9403.20.0075; Code A-552-835 is under investigation. Eddsal Manufacturing Co., Inc. (America) is the plaintiff.

The anti-dumping investigation period is from October 1, 2022 to March 31, 2023, with a commencement date of May 15, 2023.

According to preliminary data from the US International Trade Commission (USITC), Vietnam exported approximately 32.7 million USD of products proposed for investigation to the US in 2022, representing approximately 15.5% of the total needle. Export country rankings to the United States.

Vietnam ranked fourth among the aforementioned countries and territories in terms of trade with the United States, behind Taiwan (China), China, and Thailand. Tocal dumping amplitude: 92.60%-224.94%

According to the Commercial Department, the DOC has posed a quantity and value (Q&V) question to Vietnamese businesses. The deadline for responses is May 30, 2023 (businesses may request an extension if necessary).

On the basis of the response information and US Customs data, the Doc will select the mandatory defendant (typically between two and three companies). These defendants will continue to respond to the case's subsequent questions while enjoying their own tax rates.

Non-selected businesses can register for separate tax rates. The deadline for requesting a separate tax rate is thirty days after the occurrence. In the absence of distinct tax rates, these businesses will be subject to other DOC-defined tax rates.

Since the United States considers Vietnam to have a non-market economy, Doc will use other third-third replacement values to determine the dumping amplitude for Vietnam. Doc is anticipated to select Indonesia as a replacement nation for the current incident. The parties have 30 days to comment on the replacement water before the Doc issues a preliminary conclusion regarding the incident.

It is anticipated that the Doc will issue a preliminary conclusion within 140 days (may be extended) of initiating the investigation.

In order to protect the enterprise's legitimate rights and interests, the Department of Commercial Division advises the enterprise producing/exporting related products to closely monitor future developments in the case. Additionally, proactively determining the appropriate resistance strategy for businesses, diversifying markets and exports; Full cooperation with DOC throughout the case. Any action that demonstrates insufficient cooperation or lack of cooperation can result in U.S. investigating authorities using unfavourable evidence or applying the highest anti-dumping tax to companies.

In addition, proactively register an IA Access account on the website of Doc (https://access.trade.gov/login.aspx) to submit updated information and relevant documents. Contact the American investigating agency.

In addition, businesses must carefully read the guide's instructions to answer and submit the answer to the Q&V question within the specified form and timeframe (or request an extension, which must be approved by DOC).

Businesses that responded to this Q&V question but were not chosen as a required defendant may apply for separate rates.

On 25 April 2023, the US Department of Commerce (DOC) received a request for anti-dumping investigations regarding the price of a bolt-based steel-used product (HS code: 9403.20.0075). Vietnamese, Indian, Malaysian, Thai, and Chinese (Taiwan) origin.

According to preliminary data from the US International Trade Committee (USITC), Vietnam exported approximately 32.7 million USD of products proposed for investigation to the United States in 2022, accounting for approximately 15.5% of all exports to the United States and ranking fourth among the aforementioned exporting nations to the United States (after Taiwan (China), China, and Thailand). According to U.S. survey regulations, the Doc will have 20 days from the date it receives the application to decide whether or not to initiate the investigation.

P.V (T/H)