HA NOI (VNS) — Vietnamese steel pipe manufacturers and domestic steel companies are not dumping products in the US market and do not receive subsidies, according to a recent decision by the US Department of Commerce.

The news is a boost for Vietnamese steel exporters, who will not be subject to extra tariffs in the US market.

The decision was a result of an anti-dumping investigation, which focused on Vietnamese firms including SeAH Steel Vina and Hong Nguyen Machinery Manufactory Company. The investigation was urged by US businesses Allied Tube and Conduit, JMC Steel Group, Wheatland Tube and the United States Steel Corporation.

The US Department of Commerce will order the release of any bond or other security and refund any cash deposits that were collected for Vietnamese steel exports after March 29, 2012. In 2011, imports of circular welded pipes from Viet Nam were valued at an estimated $50.1 million.

October 20, 2012

Source: VNS

• USTR's decision to impose new tariff does not fully reflect Viet Nam's reality and efforts
• Trump threatens EU with ‘substantial’ tariffs over fines of US tech giants
• Trump tariff fine print reveal raft of exemptions
• Foreign Minister meets EC Vice President in Manila
• This wave of Trump tariffs is likely here to stay; more are coming