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Ministry releases anti-dumping duties for import stainless steel products

Update: July, 05/2018 - 16:59
Anti-dumping duties are unchanged for most of imported cold-rolled stainless steel products in Việt Nam’s market. — Photo thoibaotaichinhvietnam.vn
Viet Nam News

HÀ NỘI — The Ministry of Industry and Trade on July 4 released anti-dumping duties on imported cold-rolled stainless steel products after its second review for application of the duties.

According to its Decision 2398/QĐ-BCT, the products of this review had codes of 7219.32.00; 7219.33.00; 7219.34.00; 7219.35.00; 7219.90.00; 7220.20.10; 7220.20.90; 7220.90.10; and 7220.90.90, imported to Việt Nam from mainland China, Malaysia, Indonesia and Taiwan.

The new anti-dumping duties would be unchanged against the rates in the previous review and be applicable from July 20, 2018 to October 10, 2019.

Of which, the tax rate for manufacturers from mainland China is still 25.35 per cent while the Shanxi Taigang Stainless Steel Co, Ltd (STSS) enjoys a rate of 17.47 per cent.

The tax rate for manufacturers from Indonesia remains unchanged at 13.03 per cent but it is reduced to 6.64 per cent for PT Jindal Stainless Indonesia.

Manufacturers from Malaysia will continue to face a rate of 9.31 per cent.

Meanwhile, manufacturers from Taiwan continue to bear the same duty of 13.79 per cent but it increases to 37.29 per cent for Own Yuan Long Stainless Steel Corp.

At the same time, the ministry also said it will exclude the application of anti-dumping measures for some stainless steel products that are not yet produced domestically or not reach technical standards. — VNS

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