U.S. issues final order on duties on certain steel products from Vietnam

The U.S. Commerce Department said on Monday it had issued a final order imposing duties of up to 456% on certain steel products from South Korea or Taiwan that are shipped to Vietnam for minor processing and then exported to the United States.

The agency said in a statement that it had found corrosion-resistant steel products and cold-rolled steel produced in Vietnam using substrate of South Korean or Taiwanese origin had circumvented U.S. anti-dumping and anti-subsidy duties.