Vietnam Steel Pipe: Prelim AD Cash Deposit/Bond Rates Take Effect
The International Trade Administration made a preliminary affirmative antidumping determination that circular welded carbon-quality steel pipe from Vietnam is being, or is likely to be, sold in the U.S. at less than fair value (A-552-811). The ITA found preliminary AD rates of zero to 27.96%, which are effective June 1, 2012. U.S. Customs is expected to implement these AD cash deposit/bond requirements soon.
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(See ITT's Online Archives 12032942 for summary of the ITA's preliminary determination in this case's companion countervailing duty proceeding.)
AD Suspension of Liquidation and Cash/Bond Requirements
The ITA will instruct CBP to suspend liquidation for all entries of subject merchandise from Vietnam that are entered, or withdrawn from warehouse, for consumption on or after June 1, 2012.
The preliminary AD cash deposit, or bond posting, rates are as follows:
| Exporter | Prelim AD Rate |
|---|---|
| SeAH Steel VINA Corporation | zero1 |
| Vietnam Haiphong Hongyuan Machinery Manufactory Co., Ltd. | zero1 |
| Sun Steel Joint Stock Company | 9.32%2 |
| Huu Lien Asia Corporation | 9.32%2 |
| Hoa Phat Steel Pipe Co. | 9.32%2 |
| Vietnam-wide Rate | 27.96% |
1The ITA will suspend liquidation of merchandise from SeAH and Haiphong Hongyuan, but will not require a cash deposit on entries of such merchandise due to their assigned zero AD rate. Additionally, the ITA said that it found export subsidies for Haiphong Hongyuan in this case's companion CV proceeding, but will not adjust for these export subsidies as the company has been assigned a zero AD rate.
2The ITA said it will reduce the AD rate for these companies by the lesser of (1) the average export subsidy rates determined in the CV investigation or (2) the average of the CV export subsidy rates applicable to the mandatory respondents upon which the separate rate dumping margins are based. In this case, the ITA said it only found countervailable export subsidies upon which to base the adjustment of 8.06% applicable to Haiphong Hongyuan.
(The period of investigation is 04/01/2011-09/30/2011. See ITA’s notice for more information, including the postponement of the final determination until on or about October 14, 2012, scope (which is unchanged from the initiation), suspension of liquidation, etc.
See ITT’s Online Archives 12052457 for summary of the ITA’s fact sheet on this preliminary determination. See ITT’s Online Archives 11112216 for summary of initiation of this investigation.)
ITA contact -- Fred Baker (202) 482-2924