10,045.74 TRY BIST 100 BIST 100
34.69 EUR EUR EUR
32.37 USD USD USD
4.50 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
44.49 TRY Interest Interest
84.03 USD Fossil Oil Fossil Oil
26.53 USD Silver Silver
4.56 USD Copper Copper
116.58 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,407.35 TRY Gold (gr) Gold (gr)

Allegations of tax evasion on Vietnamese steel pipes confirmed

The US Department of Commerce (DOC) has completed its investigation into alleged duty evasion on steel pipes imported from Vietnam.

Allegations of tax evasion on Vietnamese steel pipes confirmed

The investigation was based on allegations that Vietnamese steel producers were exporting to the US using hot-rolled steel imported from China, Taiwan, South Korea and India.

On August 3, the DOC ruled that non-HRS steel pipes originating in Taiwan were not involved in the tax evasion. However, on November 9, the DOC determined that other steel pipe products imported from Vietnam evaded duties imposed by the US on China, Taiwan, South Korea and India.

The Ministry of Industry and Trade allowed Vietnamese exporters to prepare a document to verify that HRS from certain countries was not used. In this way, exporters will be exempt from the measures by verifying that they do not use hot-rolled steel (HRS) originating in China, Taiwan, South Korea and India.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Iron ore will remain above $100 this year

Thursday, May 2, 2024

Duweld increases investment capacity

Thursday, May 2, 2024

Flat steel sales in Brazil down 16.3% in March

Thursday, May 2, 2024

Ferrexpo plc cut pellet production by 36% in 2023

Thursday, May 2, 2024

Wire rod exports of Türkiye increased by 171.6% in January-March period

Thursday, May 2, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now