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No Australian anti-dumping duty temporarily on rod in coils

Update: August, 12/2017 - 09:00
ADC temporarily decides not to apply anti-dumping measures on rod in coils imported from Việt Nam. — Photo tinnhanhchungkhoan.vn
Viet Nam News

HÀ NỘI — The Australian Anti-Dumping Commission (ADC) has temporarily decided not to apply anti-dumping measures on rod in coils imported from Việt Nam, Indonesia and Republic of Korea.

Sixty days after beginning investigations, the ADC issued Status Report No D60REP 416, explaining why it has not made a preliminary affirmative determination (PAD).

Based on OneSteel Manufacturing Ltd’s application, submissions concerning publication of the dumping duty notice in response to initiation of investigation, and responses to importer and exporter questionnaires, the ADC said it was unable to determine that the goods exported to Australia have been dumped and are causing material injury to the Australian industry. So, the ADC decided not to make a PAD at this stage.

The ADC will reconsider whether to make a PAD at least once prior to the publication of the Statement of Essential Facts (SEF), required to be issued on September 25. 

On June 7, the ADC initiated a probe into the alleged dumping of rod in coil imports from Indonesia,Republic of Korea and Việt Nam following an application submitted by OneSteel Manufacturing Ltd.

The period subject to investigation is April 1, 2016, to March 31, 2017, while the period under damage inquiry is from January 2013 to date.

The dumping margins calculated by the plaintiff are 30.6 per cent for Việt Nam, 30.6 per cent for Indonesia, and 43.3 per cent for Korea. However, the ADC’s estimated dumping margins are 20.9 per cent for Việt Nam, 29.8 per cent for Indonesia and 20.9 per cent for Korea.

The applicant claimed that because of the market situation with regard to taxes on the two main inputs, the domestic selling price for Việt Nam is not appropriate for use to determine the normal value.

The Việt Nam Competition Authority said the ADC could take temporary anti-dumping measures, but not before 60 days from the launch of the investigation.

The ADC is due to issue the SEF on September 25; all involved parties will have 20 days to respond to this document. — VNS

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