|Canada has decided on taxes for carbon steel welded pipes from Việt Nam. — Photo vietnambiz.vn|Viet Nam News
HÀ NỘI — The Canada Border Services Agency has made a final decision on taxes for carbon steel welded pipes from Việt Nam.
Accordingly, the weighted average margin of dumping on Hòa Phát Steel Piple Company Ltd has been set at 4.9 per cent, SeAH Steel Vina Corporation 3 per cent, and State Pipe and Supply Inc 26.1 per cent, while all other exporters from Việt Nam will face a tariff of 54.2 per cent.
These three companies had lower average margin of dumping than other exporters because they responsed promptly to the querries from the investigation agency, according to the Trade Remedies Authority of Việt Nam.
The Canadian International Trade Tribunal is continuing its inquiry into the question of injury to the domestic industry and will make an order or finding by February 15.
The investigation was initiated on July 20 last year and covered July 1, 2017 to June 30, 2018. The complainant was Novamerivan Steel Inc, on behalf of its subsidiaries Nova Tube Inc and Nova Steel Inc.
According to its complaint, the dumping of carbon steel welded pipes originated from Pakistan, the Philippines, Turkey and Việt Nam caused Nova suffer injury in the form of lost sales, price undercutting and price suppression.
The volume of imported carbon steel welded pipe grew from 47,657 tonnes in 2015 to 91,739 tonnes during the period of investigation. It added the price of imports had substaintially affected the price of domestic products.
During the period of investigation, imports from Việt Nam accounted for 12 per cent of total imports of carbon steel welded pipe. — VNS