US Hits Vietnam Steel with Countervailing Duties for Fairness
Published Date: 2/10/2025
Notice
Summary
The U.S. Department of Commerce found that some steel makers in Vietnam got unfair help from their government last year. Because of this, the U.S. might add extra fees (called countervailing duties) on certain corrosion-resistant steel products from Vietnam to keep things fair. This decision starts on February 10, 2025, and could affect prices and trade for businesses importing these steels.
Analyzed Economic Effects
4 provisions identified: 0 benefits, 4 costs, 0 mixed.
CBP Cash Deposits & Suspension Start
If you import the covered corrosion-resistant steel from Vietnam, U.S. Customs and Border Protection will be instructed to suspend liquidation and require a cash deposit equal to the preliminary countervailing duty rates for entries entered, or withdrawn from warehouse, for consumption on or after February 10, 2025. Commerce directed CBP not to suspend liquidation for entries from Ton Dong A Corporation (0.00%) and Hoa Sen Group (0.13% de minimis).
Preliminary Duty Rates Announced
Commerce preliminarily set estimated countervailing duty rates for certain corrosion-resistant steel from Vietnam: Hoa Sen Group 0.13% (de minimis); Ton Dong A Corporation 0.00%; six named non-responsive companies 140.05% each (rate based on facts available with adverse inferences); and an All-Others rate of 46.73%. These rates are part of the preliminary determination published February 10, 2025.
Which Steel Products Are Covered
The investigation covers certain flat-rolled corrosion-resistant steel (clad, plated, or coated with corrosion-resistant metals such as zinc, aluminum, or related alloys) meeting specified width and thickness criteria and described physical characteristics. The notice lists specific HTSUS subheadings for covered products, including 7210.30.0030, 7210.30.0060, 7210.41.0000, 7210.49.0030, 7210.49.0040, 7210.49.0045, 7210.49.0091, 7210.49.0095, 7210.61.0000, 7210.69.0000, 7210.70.6030, 7210.70.6060, 7210.70.6090, 7210.90.6000, 7210.90.9000, 7212.20.0000, 7212.30.1030, 7212.30.1090, 7212.30.3000, 7212.30.5000, 7212.40.1000, 7212.40.5000, 7212.50.0000, 7212.60.0000, 7225.91.0000, 7225.92.0000, 7226.99.0110, and 7226.99.0130 (and additional listed subheadings).
Final Determination Timing Aligned
Commerce is aligning the final countervailing duty determination with the final antidumping (less-than-fair-value) determination; the final CVD determination will be issued on the same date as the LTFV final determination, which is currently scheduled to be issued no later than June 17, 2025, unless postponed.
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Key Dates
Department and Agencies
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