Consumption of steel products, especially colour-coated steel, declined in October while production continued to rise, according to the Vietnam Steel Association
Minister of Industry and Trade Trần Tuấn Anh told Vietnam News Agency about this issue as well outlining solutions to ensure the best interests for the local businesses in dealing with trade remedies on export markets or using those tools on local market.
The Komite Anti-Dumping Indonesia (KADI) under the Indonesia’s Ministry of Trade earlier this week announced the termination of an anti-dumping investigation on colour-coated steel products imported from Việt Nam, according to the Trade Remedies Authority under the Việt Nam’s Ministry of Industry and Trade.
Despite the imposition of anti-dumping duties on colour-coated steel products by Indonesian authorities, Vietnamese steel producers should not worry about the possibility of losing competitiveness, according to the Việt Nam Steel Association (VSA).
The Indonesian Anti-Dumping Committee (KADI) has announced the application of anti-dumping measures on colour-coated steel sheet imports from Việt Nam and China.
Local businesses should follow laws and requirements on origin when exporting their product to the US.