Monday, September 20 2021

VietNamNews

Việt Nam imposes an official anti-dumping tax on imported cold rolled steel products

Update: December, 25/2020 - 14:44
Illustration photo. — Photo KT/vov.vn

HÀ NỘI — The Ministry of Industry and Trade has issued Decision 3390/QĐ-BCT on the application of official anti-dumping measures for some coil and sheet cold-rolled steel products originated from China.

Based on the request for anti-dumping measures by representatives of the domestic manufacturing industry, the Ministry launched an investigation of the case on September 3 last year.

Due to the complicated development of the COVID-19 pandemic and a number of issues which need clarification related to the product range, the ministry issued Decision No 2240/QĐ-BTC on August 21 this year to extend investigation period.

But because of the inability to conduct the on-site investigation of foreign manufacturing and exporting companies, the ministry sent a questionnaire for firms to provide additional information and documents to explain and clarify contents provided in the preliminary stage and give opinions on the case.

The investigation results showed that the amount of investigated cold-rolled steel imports amounted to 272,073 tonnes during the period, accounting for 65.5 per cent of the total cold-rolled steel imported into Việt Nam.

The domestic manufacturing industry was under threat of considerable damage, reflected in most indicators, especially profit, inventory and market share, the ministry said.

Besides, the dumping margin of imported goods is determined from 4.43 per cent to 25.22 per cent.

On the basis of the results, the Ministry of Industry and Trade issued the decision to apply the official anti-dumping tax on cold-rolled steel products from China to prevent and minimise damage to the domestic manufacturing industry due to impacts from a large amount of imported cold-rolled steel products being dumped into the country.

The anti-dumping measures will be valid within five years from the effective date of Decision 3390/QĐ-BCT. — VNS

Send Us Your Comments:

See also: