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    US imposes tariffs on Vietnamese steel nails
    11/26/2014 10:58:47 AM

     
    The US Department of Commerce (DOC) has imposed countervailing duties on imports of steel nails from Vietnam. 

     

    • In its preliminary decision, the DOC concluded that all imports of steel nails of less than 12 inches from Vietnam will be subject to an 8.35% countervailing import duty rate, with a de minimis exception for small inconsequential imports that are too small to require collection.

    The petitioner for these investigations was Mid Continent Steel & Wire, Inc. of Missouri which lodged a countervailing duty complaint against steel nail imports from Vietnam, the Republic of Korea, Malaysia, Oman and Taiwan (China).

    The DOC began its investigation on June 18, 2014 on steel nails imported January 1-December 30, 2013.

    This has been the fifth countervailing duty complaints of the US lodged against Vietnamese products.

    Recent statistics showed that in 2013, the total steel nails exported to the US from Vietnam was valued at US$34.7 million with a total volume of 39,000 tonnes, comprising about 17% of the total US imports of them.

    The DOC announced it would issue a final decision on the mater no later than March 2, 2015.

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