Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The US Department of Commerce has levied an antidumping duty (AD) of 8.35pc on Vietnamese copper pipe and tube exported to the US during the period of review (POR) October 1, 2019, through March 31, 2020.


In a notification on Jun 16, Commerce noted that it had determined the AD based on an investigation that found some of these companies will or may already have sold the material in the US at less than fair value.


Commerce said that it will collect an assessed cash deposit rate, equal to the AD margin, from all the exporters or producers. 


The companies under review include Jintian Copper Industrial, Hailiang Metal Trading, and Toan Phat Copper Tube Joint Stock. Apart from these companies, the department has also levied an all-others margin at the same rate. 


Commerce intends to order US Customs and Border Protection (CBP) to continue to suspend liquidation of all entries submitted or removed on or after February 1, 2021. CBP will also be instructed to collect a cash deposit at a rate equal to the AD margin for Vietnamese exporters trading copper pipe and tube to the US. 


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