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U.S. slaps duties on Vietnamese steel originating from China
December 5, 2017 / 10:51 PM / 9 days ago

U.S. slaps duties on Vietnamese steel originating from China

WASHINGTON, Dec 5 (Reuters) - The U.S. Commerce Department on Tuesday slapped steep import duties on steel products from Vietnam that originated from Chinese-made steel.

The agency said the Vietnamese products were circumventing existing U.S. anti-dumping and anti-subsidy orders on the same products from China.

The Commerce Department said it would apply the same anti-dumping duties on corrosion-resistant steel from Vietnam using Chinese substrate of 199.43 percent and anti-subsidy duties of 39.05 percent.

U.S. anti-dumping duties on cold-rolled steel from Vietnam using Chinese steel substrate will be set at 265.79 percent, with anti-subsidy duties of 265.44 percent. (Reporting by David Lawder; Editing by Andrew Hay)

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