Commerce to Consider AD Circumvention by Vietnamese Round Wire Made From South Korean Wire Rod
The Commerce Department is beginning an anti-circumvention inquiry to determine whether all imports of stainless steel round wire from Vietnam made using South Korean stainless steel wire rod are circumventing antidumping duties on stainless steel wire rod from South Korea (A-580-829), it said in a notice released Jan. 31.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
The anti-circumvention inquiry will apply country-wide, to all stainless steel wire rod from South Korea “that has been cold-drawn and further processed into [stainless steel] round wire in Vietnam and exported into the United States.” NAS, a U.S. domestic producer of stainless steel wire rod, requested the inquiry.
If Commerce finds circumvention in the preliminary determination of this inquiry, the agency will direct CBP “to suspend liquidation and require a cash deposit of estimated duties, at the applicable rate, for each unliquidated entry of the merchandise at issue entered or withdrawn from warehouse for consumption on or after the date of initiation of the inquiry,” Commerce said.
Commerce will issue questionnaires “to solicit information from producers and exporters in Vietnam” on their shipments of stainless steel round wire to the U.S. made from South Korean stainless steel wire rod. Companies that fail to respond completely may get hit with an “adverse facts available” penalty and an inference by Commerce that the companies are circumventing AD duties.