The US investigates Vietnam's steel storage price antidumping claims.
- 202
- Business
- 23:50 24/05/2023
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)
Related news
- Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
- Are Vietnamese firms overlooking their most valuable “gold mine”?
- Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
- After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
- When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
- When the tech unicorn dream is undermined by reckless fundraising structures
- From New Year messages of World Leaders to the “new rules” of the Global economy in 2026
- Connecting Leaders, Shaping the Future: Strategic Leadership Planning Meeting – CorporateConnections Hanoi A
- Sunlight - Unilever Vietnam Recognized for Outstanding Contributions to the National Initiative Supporting Women Entrepreneurs
- Deputy Prime Minister Nguyễn Chí Dũng: “The country’s major challenges weigh heavily on my mind — and we must resolve them together.
- Unitsky String Technologies signs cooperation agreements with three Vietnamese partners, opening a new direction for smart mobility and sustainable development
- When artists do business – livelihood is no poetry!
- Before the D‑day to abolish flat‑rate tax: Fear of technology and costs leave small traders struggling to adapt
- Vietnamese enterprises at a crossroads: the impact of a potential US–China deal
- "Digital technicians" must not be forgotten if Vietnam aims to meet its strategic goals
- HDBank: Impressive profit growth, leading in profitability and advancing international integration
- TNI King Coffee sued for over VND 5 Billion in unpaid debts
- VINASME and Jeonnam Technopark Sign MOU on technology cooperation, human resource training, and trade promotion
- Vietnamese entrepreneurs strengthen ASEAN connectivity in the digital iIntegration era
- Vietnam upgraded to Secondary Emerging Market by FTSE Russell
Đọc thêm Business
CEO Nguyễn Tất Tùng: only by anchoring in culture and preserving national identity can Vietnamese entrepreneurs reach the world
In a setting imbued with the rich cultural essence of Kinh Bắc, the 15th anniversary celebration of Dragon Travel was far more than a typical corporate event.
Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
On the morning of April 21, at the Ministry of Science and Technology, the Agency for Technology Entrepreneurship and Commercialization Development announced the 2026 innovation agenda aligned with the National Strategy for Startup and Innovation.
Building and accumulating intangible assets: a sustainable competitive advantage
In an intellectually vibrant afternoon of the business community, a seemingly old question was raised again in a way that made the entire audience rethink from the beginning.
From cost optimization to “survival optimization”: Vietnamese firms confront supply chain volatility
A fresh surge in domestic fuel prices is not only squeezing household budgets but also triggering a quiet yet profound wave of concern across Vietnam’s business community.
What truly defines corporate value in a rapidly evolving digital era?
In the digital age, corporate value is no longer confined to tangible assets but increasingly resides in brand equity, data, and knowledge - intangible assets that ultimately determine competitive strength.
Are Vietnamese firms overlooking their most valuable “gold mine”?
In the digital economy, corporate value no longer primarily resides in factories or machinery. A growing body of research highlights a fundamental shift in how value is created.
Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
The outbreak of conflict in Iran since late February 2026 is sending significant shockwaves through the global economy.
After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
The article “When the Tech Unicorn Dream Is Undermined by Careless Capital-Raising Funds” pointed out legal risks and financial structural issues in the fundraising model related to the uST ecosystem.
When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
From a market operating in the "grey zone," cryptocurrency in Vietnam is entering a phase of reshaping as a series of Government orientations, decrees, resolutions related to digital assets, financial security.
When the tech unicorn dream is undermined by reckless fundraising structures
A green transport technology project in Belarus, thousands of kilometers from Vietnam has continued to attract capital from a significant number of Vietnamese investors.