The US Department of Commerce has cancelled a review of the countervailing duty order on steel nails from Viet Nam. — Photo baocongthuong.com.vn

The US Department of Commerce has cancelled a review of the countervailing duty order on steel nails from Viet Nam for the period January 1-December 31, 2016.

The rescission notice was issued last week.The department received a request from Mid Continent Steel & Wire Inc. to conduct an administrative review of the countervailing duty order with respect to 14 companies from Viet Nam on July 31.

Based on this request, the department published a notice of initiation of administrative review for this order on September 13. But on September 28, the petitioner withdrew its request for all 14 companies, so the department rescinded the order.

The department will instruct the US Customs and Border Protection to assess countervailing duties on all appropriate entries, at a rate equal to the cash deposit of the estimated anti-dumping duties required at the time of entry or withdrawal from warehouse, for consumption during the period. — VNS