Tuesday, September 26 2017

VietNamNews

Australia partially ends probe against VN’s galvanised steel

Update: July, 24/2017 - 17:00
The ADC has been investigating zinc-coated steel imported from India and Malaysia. However, only the probe on Việt Nam’s steel has been terminated partially. — Photo hoasengroup.vn
Viet Nam News

HÀ NỘI — Australia’s Anti-Dumping Commission (ADC) has announced a partial rescission of its anti-dumping, anti-subsidy investigation on Vietnamese zinc-coated (galvanised) steel.

The ADC, under Australia’s Department of Industry, Innovation and Science, has also been investigating zinc-coated steel imported from India and Malaysia. However, only the probe on Việt Nam’s steel has been terminated partially.

Việt Nam’s Ministry of Industry and Trade (MoIT) said the ADC concluded that Vietnamese galvanised steel producers and exporters received countervailable subsidies from the government during the investigation period, but the subsidies were at negligible level. Therefore, the ADC has decided to terminate the anti-subsidy probe on all Vietnamese galvanised steel producers and exporters.

The ADC will not recommend any subsidies for Việt Nam in its final report to the Minister for Industry, Innovation and Science.

Also, Australian investigators found that the dumping range of two of the three Vietnamese exporters was even lower than the minimal level. As a result, the ADC has terminated investigation into these two companies.

To arrive at the decision, the MoIT said, the ADC took into account complaints from the concerned parties, the statement of essential facts (SEF), comments relating to the SEF, and information it gathered from the investigation process.

Parties can seek a review of the decision by lodging an application with the Anti-Dumping Review Panel within 30 days of publication of the notice. — VNS

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