Illustrative image (Source: internet)According to the Vietnam Competition Authorityunder the Ministry of Industry and Trade, Vietnam’s products targeted by theinvestigation bear the HS codes of 7213.91.00.44, 7227.90.90.02, and7227.90.90.42. Those products are currently not subject to tax when exported toAustralia.
The probe was triggered by a complaint filed byAustralian steel producer OneSteels Company that took effect on May 31. The periodsubject to the anti-dumping investigation was from April 1, 2016 to March 31,2017, while the period under damage enquiry was from January 2013 to present.
The dumping margins calculated by the plaintiff are30.6 percent for Vietnam, 30.6 percent for Indonesia, and 43.3 percent for theRoK.
However, the ADC’s estimated dumping margins are20.9 percent for Vietnam, 29.8 percent for Indonesia and 20.9 percent for theRoK.
The applicant claimed that due to a particularmarket situation with regard to taxes on the two main inputs, the domesticselling price for Vietnam is not appropriate for use in determining the normalvalue.
The Vietnam Competition Authority said ADC couldadopt temporary anti-dumping measures but not earlier than 60 days since thelaunch of the investigation.
ADC is due to issue EssentialFacts on September 25, 2017 and the involved parties will have 20 days to giveopinions on this document.
Earlier, Australia carried out anti-dumpinginvestigation for this product imported from Indonesia and China’s Taiwan.-VNA
VNA
