Vietnam investigates charges of dumping Chinese steel imports
Vietnam investigates charges of dumping Chinese steel imports
The Vietnamese Ministry of Industry and Trade has launched an anti-dumping probe into a number of cold rolled carbon steel products, in coils and sheets, which originate from China.
The Trade Remedies Authority of Vietnam (TRAV) under the ministry said in a statement on September 6 that the investigation follows a May 5 request by three domestic producers.
In their petition, Posco Vietnam, China Steel Sumikin, and Phu My Flat Steel – all based in the southern province of Ba Ria-Vung Tau – alleged that a number of cold-rolled carbon steel coils and sheets imported from China were being dumped in the Vietnamese market, causing significant injury to the local cold rolled steel manufacturing industry.
After initiating the investigation, the ministry will send questionnaires to the parties to gather information, with the aim of analyzing and evaluating the situation.
If necessary, based on preliminary investigations, the ministry may apply temporary anti-dumping measures to prevent significant damage to the industry.
The ministry will hold a public consultation so that the parties have the chance to discuss, provide information, and have a voice in the issue, before issuing its conclusion.
The ministry may slap retroactive anti-dumping duties for goods subject to tax within three months prior to the application of temporary anti-dumping duties.
The ministry recommends that individuals and organizations, when signing import contracts or involved in distribution, business and use of investigated goods, should be aware of the possibility of temporary anti-dumping duties and retroactive anti-dumping duties.
Earlier, the ministry announced temporary anti-dumping duties on aluminum products originating from China, and some wood fiber products and other wood-based materials from Thailand and Malaysia.
Recently, it launched an anti-dumping investigation on Biaxial Oriented Polypropylene (BOPP) film from China, Thailand and Malaysia.
