The US Department of Commerce has officially started investigating ten Vietnamese steel companies on the suspicions that they violated anti-dumping and anti-subsidy duty laws, VnExpress quoted Vietnam Competition Authority as saying on Friday.
According to the agency under the Ministry of Industry and Trade, the companies will be investigated for their exports of circulate welded carbon-quality steel pipe between April 1 and September 30 on suspicions of dumping, and between January 1 and Dec. 31 2010, for suspicions of violating trade import duties.
However, Nguyen Tien Nghi, vice chairman of the Vietnam Steel Association, said in the newswire that three of the ten suspected companies Hoa Sen Group, Vinapipe and Vingal Industries Co. Ltd. reiterated that they didn't make the exports.
Meanwhile, some companies like Hoa Phat Steel Pipe Co. and Vietnam Germany Steel Pipe JSC said that their exports weren't big - between some 1,000 and 2,000 tons, he said.
"The association will join hands with the Vietnam Competition Authority to investigate the case, while the companies will hire advocates," Nghi was quoted as saying.
According to VnExpress, the accusations were filed by Allied Tube and Conduit, JMC Steel Group, Wheatland Tube, and U.S. Steel Corp.
Companies from India, Oman and UAE will be investigated for the same accusations.