A preliminary decision of the United States Department of Commerce shows that steel pipes produced in Viet Nam may be applied an antidumping tax of 114.47 per cent. However, the International Trade Commission (ITC) will determine whether to impose antidumping measures on these imported products. Photo baocongthuong.com.vn

HA NOI (Biz Hub) — The United States may levy an antidumping tax of 114.47 per cent on steel pipes produced in Viet Nam, which are used in the oil and gas industry.

The only exception is the SeAH Steel Vina Corporation, whose products will be taxed at 9.57 per cent.

The information was publicised in a preliminary decision of the Department of Commerce (DOC) of the United States on February 19.

This is the highest tax rate among nine countries and territories that face antidumping lawsuits in the United States.

The United States started its investigation on steel pipes from Viet Nam on July 22, 2013. Besides Viet Nam, the country also investigated products imported from India, the Philippines, Saudi Arabia and Taiwan. Thailand, Turkey, Ukraine and South Korea were also among the countries under investigation. All these countries were paying taxes that ranged from zero to 118.32 per cent.

The DOC will issue its final decision on July 8, 2014. However, the International Trade Commission (ITC) will determine whether to impose antidumping measures on these imported products. If the ITC judges that the defendants do not affect the American steel industry, all the tax rates will stand void. ITC will release its final judgment on August 21, 2014.

Viet Nam is the third largest exporter of steel pipes to the United States, with a turnover of more than US$110 million in 2013, after South Korea and India. — VNS