The US Department of Commerce (DOC) has announced affirmative final antidumping duty (AD) and countervailing duty (CVD) circumvention determinations involving steel products that are produced in South Korea and Taiwan, shipped to Vietnam for minor processing, and then exported to the United States as corrosion-resistant steel products (CORE) and cold rolled steel (CRS), in circumvention of existing orders.
The applicable cash deposit rates will be as high as 456.20 percent, depending on the origin of the substrate and the type of steel product exported to the United States.
The US DOC said that the shipments of the steel products in question from Vietnam significantly increased after South Korea and Taiwan had preliminary duties imposed on them in March 2016.