The US Department of Commerce (DOC) has announced to extend the time for the anti-dumping and anti-subsidy duty evasion investigation for stainless steel plates imported from Vietnam.
Accordingly, the consideration will last until January 4 next year.
Specifically, the department investigated the issues related to scope inquiry to determine whether stainless steel sheet products are manufactured in China, then further processed in Vietnam before being exported to the US is subject to tax or not; and the anti-circumvention behaviour of Vietnamese businesses.
The DOC has imposed anti-dumping and anti-subsidy duties on stainless steel products (HS code of class 7219 and 7220) originating in China with anti-dumping duty rate from 63.86 to 76.64% and anti-subsidy duties from 75.60% to 190.71%. Meanwhile, the US import duty rate applied to Vietnam’s stainless steel plate is 0%.
Recently, the DOC announced the extension of the time to issue final conclusions for its investigation. This is the fourth time the US has announced an extension of the investigation period.