US Department of Commerce issues final determination on Vietnamese aluminum anti-dumping probe
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.
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| Illustrative image (Source: VNA) |
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.
(Source: WVR/VNA)
