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US DOC issues affirmative preliminary circumvention rulings on CR & coated steel from Vietnam

Steel News - Published on Wed, 06 Dec 2017

Image Source: doc.gov
The US Department of Commerce announced preliminary affirmative rulings that corrosion-resistant steel (CORE) and certain cold-rolled steel flat products (cold-rolled steel) imported from the Socialist Republic of Vietnam (Vietnam) produced from substrate originating in the People’s Republic of China (China) are circumventing existing antidumping and countervailing duty (AD/CVD) orders on CORE and cold-rolled steel imported from China. As a result of today’s announcement, Commerce will instruct Customs and Border Protection (CBP) to begin collecting cash deposits on imports of CORE and cold-rolled steel produced in Vietnam using Chinese-origin substrate.

CBP will collect AD and CVD cash deposits on imports of CORE produced in Vietnam using Chinese-origin substrate at rates of 199.43 percent and 39.05 percent, respectively. CBP will also collect AD and CVD cash deposits on imports of cold-rolled steel produced in Vietnam using Chinese-origin substrate at rates of 265.79 percent and 256.44 percent, respectively. These cash deposit rates were previously established in the investigations on cold-rolled steel and CORE from China. Duties will apply to all shipments entering the United States 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.

Shipments of CORE from Vietnam to the United States increased from two million dollars to USD 80 million after preliminary duties were imposed on Chinese products in 2015. Likewise, shipments of cold-rolled steel from Vietnam to the United States increased from nine million dollars to USD 215 million after preliminary duties were imposed on Chinese products in 2015.

These inquiries were conducted pursuant to requests from US domestic producers of CORE and cold-rolled steel: Steel Dynamics Inc, California Steel Industries, AK Steel Corporation, ArcelorMittal USA LLC, Nucor Corporation and United States Steel Corporation.

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

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Posted By : Rabi Wangkhem on Wed, 06 Dec 2017
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