US confirms duties on imported steel nails from Malaysia, others

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The US Department of Commerce on May 14 confirmed import duties on steel nails from South Korea, Malaysia, Oman, Taiwan and Viet Nam after finding they were being sold below cost in the US.

Anti-dumping duties ranged as high as 323.99 per cent for goods from Viet Nam. — Photo VNA

HA NOI (Biz Hub) — The US Department of Commerce on May 14 confirmed import duties on steel nails from South Korea, Malaysia, Oman, Taiwan and Viet Nam after finding they were being sold below cost in the US.

Anti-dumping duties ranged as high as 323.99 per cent for goods from Viet Nam, which was also found to be providing unfair government subsidies to its domestic industry and is being subjected to separate anti-subsidy duties.

The complaint was lodged by Mid Continent Steel & Wire, the largest bulk pallet nail manufacturer in the US.

A final decision from the International Trade Commission is due by June 27, 2015.— REUTERS

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