Vietnamese Industrial Fasteners Exported to US Face Antidumping Lawsuits

US-based Mid Continent Steel & Wire, In. has submitted its petition to U.S. Department of Commerce (DOC), alleging that fasteners exported from 7 countries including Vietnam to the U.S. are being dumped illegally, which has caused the material injury to U.S. industries. It asked the DOC to investigate the import of industrial fasteners incl. screws, bolts, and nuts from these 7 countries. According to the statistics of U.S. Customs, USD41 million worth of fasteners from Vietnam were exported to the U.S. in 2013. Compared to the record of the previous year, it was a 42% increase. The final decision of the DOC will be officially announced on June 18th, 2014