Commerce Finds No AD/CVD Circumvention by Vietnamese Round Wire in Prelim Results
The Commerce Department won’t yet impose antidumping and countervailing duties on stainless steel round wire from Vietnam, preliminarily finding imports of the product are not circumventing the AD/CVD orders on stainless steel wire rod from South Korea (A-580-829).
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 agency found in its preliminary determination in an anti-circumvention inquiry that stainless steel round wire completed in Vietnam using Korea-origin stainless steel wire rod as an input and then exported to the U.S. is “not circumventing the order on a country-wide basis,” it said in a notice in the Dec. 16 Federal Register.
Had Commerce found circumvention, it could have applied South Korea stainless steel wire rod duties to Vietnamese round wire for entries beginning Feb. 1, 2022, which is the date Commerce began its anti-circumvention inquiry (see 2201310040), or earlier.
Commerce may still find circumvention and set suspension of liquidation and cash deposit requirements for Vietnamese stainless steel round wire in its final determination, which is now due April 11, 2023.