US issues final determination on Vietnamese aluminum anti-dumping probe

VNA| 17/10/2024 20:27

The US Department of Commerce (DOC) recently issued its final determination on its anti-dumping investigation into aluminum extrusions and aluminum products originated from Vietnam, according to the Ministry of Industry and Trade's Trade Remedies Authority of Vietnam.

The investigation was initiated on October 24, 2023, at the request of the US United Steel, Paper & Forestry, Rubber, Manufacturing, Energy, Allied Industrial & Service Workers International Union. The investigation was from April 1 to September 30, 2023.

In its preliminary conclusion on May 7, 2024, the DOC decided to impose a preliminary anti-subsidy tax rate of 2.85% on a mandatory defendant enterprise and 28 firms, while a rate of 41.84% was levied on the remaining ones.

In its final determination, the department set the weighted-average dumping margin for the mandatory defendant enterprise and 28 firms at 14.15%, 11.3% higher compared to the preliminary conclusion. Other companies will be subject to the national rate based on the margin alleged by the petitioner, which remains at 41.84%.

The DOC said that it had notified the US International Trade Commission (ITC) of its final affirmative determination.

The ITC will make its final determination as to whether the domestic industry in the US is materially injured or threatened with material injury by reason of imports of aluminum extrusions from Vietnam no later than 45 days after the DOC’s final conclusion. If the ITC determines that material injury or threat of material injury does not exist, the proceeding will be terminated and all cash deposits refunded or canceled, and suspension of liquidation lifted. If the ITC determines that such injury does exist, the department will issue an antidumping duty order.

The Vietnam Association of Aluminum is recommended to update manufacturers and exporters on the information, while enterprises must keep a close watch on the case’s developments, study the US’s policy and antidumping procedures, and diversify markets.

Theo vov.vn
https://vov.vn/en/economy/us-issues-final-determination-on-vietnamese-aluminum-anti-dumping-probe-post1129014.vov
Copy Link
https://vov.vn/en/economy/us-issues-final-determination-on-vietnamese-aluminum-anti-dumping-probe-post1129014.vov
    • Vietnam honours Japan’s Sojitz, Sumitomo Corporations
      The Vietnamese Embassy in Japan held a ceremony on November 22 to present the Prime Minister's certificates of merit to Sojitz Corporation and Sumitomo Corporation in recognition of their contributions to Vietnam-Japan friendship and cooperation.
    • Vietnam, Japan strengthen cooperation to develop agricultural supply chains
      A seminar on connecting agricultural supply chains was held in Hanoi on November 22, promoting agricultural cooperation between Vietnam and Japan.
    • SPRINT Project launched in Yen Bai to empower ethnic minority women
      The Yen Bai provincial Cooperative Alliance joined forces with the Cowater International of Canada to launch the “SMEs Promote Resilience, Inclusion and Innovation Transformation” (SPRINT) Project on November 22.
    • Clean for a better tomorrow
      "Cleaning Hoàn Kiếm Lake with Ninomiya" is a group of volunteers who clean up litter from Hoàn Kiếm Lake every Sunday morning. Inspired by the action of Tohru Ninomiya, who started this activity over 10 years ago, many banded together to act and spread this model to other areas.
    • Banning motorbikes - a complex issue
      Hà Nội is facing a serious problem because of polluted air and traffic congestion. Authorities plan to limit motorbikes in inner districts after 2025 and them gradually ban reduce the number of bikes on the roads from 2030. Are motorbikes the problem? Will this help ease congestion? Watch our video and tell us your comments.
    • Malaysia, Vietnam seek stronger cooperation in energy and Halal fields
      A delegation of the Vietnamese Ministry of Industry and Trade led by Minister Nguyen Hong Dien had a working session with Renewable Energy Company TNB Renewables Sdn Bhd in Kuala Lumpur on November 22.
    Highlighted VietBao
    Don't miss
    US issues final determination on Vietnamese aluminum anti-dumping probe
    POWERED BY ONECMS - A PRODUCT OF NEKO