The export of Vietnamese oil tubular goods will be affected by the US DOC's decision on anti-dumping duties. — Photo vov.vn

HA NOI (Biz Hub) — The US Department of Commerce (DOC) will levy anti-dumping duties on oil country tubular goods (OCTG) imported from Viet Nam, said the Viet Nam Competition Authority.

The final decision was made after the DOC began anti-dumping duty investigations into OCTG last August and discovered that anti-dumping margins of Vietnamese firms were between 24.22 per cent and 111.47 per cent.

Earlier, some US steel and steel pipe producers had lodged complaints against Viet Nam and eight other countries including India, South Korea, the Philippines, Thailand, Turkey, Saudi Arabia, Ukraine and Taiwan.

Vietnamese SeAH VINA Steel Company will receive an anti-dumping rate of 24.22 per cent. The Hot Rolling Pile, which had refused to answer the DOC's questions, has been imposed duties based on available evidence and disadvantageous deduction. It will receive the highest rate at 111.47 per cent.

The DOC's determination also showed the anti-dumping margins of India, South Korea, the Philippines, Saudi Arabia, Taiwan, Thailand and Turkey ranged from 2.05 per cent to 9.91 per cent; 9.89 per cent to 15.75 per cent; 9.88 per cent; 2.69 per cent; 0.00 per cent to 2.52 per cent and 6.73 per cent.

As for Ukraine, due to a suspension agreement signed on July 10, it will not be required to pay a deposit as well as tax in the agreement's effective time until July 10, 2017.

It is reported that the US imported OCTG from Viet Nam worth of US$110 million in 2013.

Anti-dumping duties will be officially levied on the countries if the United States International Trade Commission (USITC) also affirms that the import of OCTG has been causing significant losses to the US domestic steel industry.

The USITC will make its final decision on August 15, 2014. — VNS