Anti-dumping duties on steel products extended for 5 more years

Update: 16:51 | 30/10/2019
The Ministry of Industry and Trade (MoIT) has decided to extend the anti-dumping duties on cold-rolled stainless steel products originated from China, Indonesia, Malaysia and Taiwan (China) for an additional five years, starting from October 26.
TIN LIÊN QUAN
anti dumping duties on steel products extended for 5 more years U.S. News & World Report: VN listed among top 10 Best Countries to Invest In
anti dumping duties on steel products extended for 5 more years Steel producers face anti-dumping lawsuits

The Ministry of Industry and Trade (MoIT) has decided to extend the anti-dumping duties on cold-rolled stainless steel products originated from China, Indonesia, Malaysia and Taiwan (China) for an additional five years, starting from October 26.

anti dumping duties on steel products extended for 5 more years
Illustrative image. (Photo: vinaonesteel.com)

According to the ministry, five years on since its imposition of anti-dumping duties, the domestic steel production sector has gradually recovered but the growth rate remains instable and is on a declining trend.

In the 2018 – 2019 period, the maximum production capacity stood at only 69.4 percent, with production growing 1 percent and sale volume down 5 percent.

The market share of domestic companies went up following the imposition but decreased during the 2018-2019 period, to 42.8 percent. Turnover of the domestic steel production sector also grows by only 4.69 percent at present.

Those statistics showed there is a close link between dumping act from foreign companies and the potential damage to local production, stated the MoIT.

Vietnamese law on foreign trade management stipulates that the Ministry of Industry and Trade could apply anti-dumping duty retrospectively to the imported products if they are determined to cause possible significant loss or serious injury to domestic industry.

The ministry began to conduct the final review on the target products at the end of October 2018.

anti dumping duties on steel products extended for 5 more years

Indonesia imposes anti-dumping duties on Vietnamese steel

The Indonesian Anti-Dumping Committee (KADI) has announced the application of anti-dumping measures on colour-coated steel sheet imports from Vietnam and China.

anti dumping duties on steel products extended for 5 more years

US cuts anti-dumping taxes on Vietnamese catfish

The US Department of Commerce (DOC) reduced anti-dumping duties on Vietnamese tra and basa (pangasius) fish under its preliminary conclusion of the 14th period of ...

anti dumping duties on steel products extended for 5 more years

Vietnam’s core welding wires subject to Turkey’s anti-dumping duty

The Turkish Ministry of Economy has issued the final report concluding that Vietnam’s core welding wires have been sold under fair value at a margin ...

(Source: VNA)