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Steel is stacked for export at Hai Phong Port. The Viet Nam Steel Association says Vietnamese steelmakers are not dumping in the US and do not receive subsidies. — VNS/VNS Photo Doan Tuan |
Viet Nam would be willing to take the matter to court, it added.
The announcement was made after members of the US Circular Welded Carbon-quality Pipe (CWP) Association asked the American Commerce Department and the US International Trade Commission to conduct anti-dumping and anti-subsidy inspections on steel pipes imported from Viet Nam, India, Oman and the United Arab Emirates.
CWP products from these countries were threatening the US industry, said association members.
Talking about the potential lawsuit, VSA chairman Pham Chi Cuong said that 10 Vietnamese steel manufacturers were on the list and "some of them had never directly exported their steel pipe products to the US."
"However, they are ready to pursue the lawsuit because they want to protect their prestige to ensure the long-term co-operation with US partners," he said.
"Vietnamese CWP products were cheaper than their US counterparts because Viet Nam was able to import cheap raw materials from Asian countries."
He added that Government policies complied to help steel companies were entirely in accord with the country's commitments with the World Trade Organisation and international economic law.
According to the association, Viet Nam was estimated to export around 1.87 million tonnes of steel and steel ingot this year, a 44.5 per cent increase over last year. — VNS
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