The U.S. Department of Commerce has announced five affirmative final definitions of anti-dumping and countervailing duties for steel products that are manufactured in Korea and Taiwan and sent to Vietnam for minor processing, and then exported to the United States as corrosion-resistant steel products and cold rolled products. bypassing existing orders. As a result, Commerce will instruct the US Customs and Border Guard to continue to collect AD and CVD duties on imports of CORE and CRS produced in Vietnam using a substrate of Korean or Taiwanese origin. These fees apply to any outstanding records starting August 2, 2018, when commerce initiated these workarounds. Applicable deposit rates will be 456.20%,
CORE shipments from Vietnam to the United States increased from $ 23 million (from April 2012 until the introduction of preliminary duties on South Korean and Taiwanese products in December 2015) to $ 1.1 trillion (from the introduction of preliminary duties in January 2016 to September 2019 ), which is an increase of 4.353 percent. In addition, CRS shipments from Vietnam to the United States increased from $ 49 million (in January 2013, until preliminary duties on South Korean and Taiwanese products were introduced in February 2016) to $ 498 million (from the introduction of preliminary duties in March 2016 until April 2019), which is 922 percent more.
These requests were conducted in accordance with the requests of domestic manufacturers of CORE and CRS in the United States, including Steel Dynamics, Inc. (IN), California Steel Industries (CA), AK Steel Corporation (OH), ArcelorMittal USA LLC (IN), Nucor Corporation (NC) and United States Steel Corporation (PA).
