The U.S. Department of Commerce (DOC) has recently launched an anti-dumping inquiry into aluminum extrusions and imported aluminum from 15 nations and territories, including Vietnam.
The information was released by the Trade Defense Department under Vietnam's Ministry of Industry and Trade. An alliance of the aluminum, steel, paper and forestry, rubber, industrial, and energy sectors, and the American Industrial and Service Labor Union are the plaintiffs.
This group said that based on U.S. Customs data, in 2022 Vietnam accounted for about 7.6% of the total export turnover of countries to the U.S., ranking 4th among the countries exporting the most aluminum to the U.S. after Mexico, Colombia, and China.
The enterprises being accused of aluminum dumping include 14 Vietnamese companies, while others are under scrutiny in the U.S. The alleged dumping margin with Vietnam is 41.84%, lower than the levels alleged against Mexico, Colombia, and China.
The investigation is expected to focus on prices set from April 1 to September 30, 2023.
In reaction, the Trade Defense Agency advised those accused to promptly reply and handle the matter. At the same time, businesses must cooperate fully with the DOC's phase mechanism.