H-shaped steel is used to make support beams at construction projects, girders for containers and trucks, steel decks and chassis. (Photo: thanhtra.com.vn)Hanoi (VNA) - The Ministry of Industry and Trade (MoIT) has issued a decreeimposing temporary anti-dumping duties on H-shaped steel products imported fromChina.
Underthe Decree No 957/2017/QĐ-BTC, the anti-dumping duties imposed range from 21.18percent to 36.33 percent and will be in effect between April 5 and August 2,2017.
H-shapedsteel is used to make support beams at construction projects, girders for containersand trucks, steel decks and chassis.
Earliertoo, on October 5, 2016, the MoIT had conducted anti-dumping investigationsinto H-shaped steel products imported from China (including Hong Kong).Accordingly, the steel products coded HS 7216.33.00, 7228.70.10 and 7228.70.90were under investigation.
Thedecision came after the MoIT’s Vietnam Competition Authority (VCA) received apetition from Posco SS Vina Company Limited saying that H-shaped steel productsimported from China and Hong Kong have severely hit domestic steel producers.
Thedumping and damage periods that will be under investigation are from April 1,2015, to March 31, 2016.
Thereare five companies in Vietnam that produce shaped steel products, but Posco SSVina is the only producer of H-shaped steel, with an annual capacity of 700,000tonnes. This makes the company eligible to represent all local H-shaped steelfirms and file a lawsuit against imported products of the same type.-VNA
Underthe Decree No 957/2017/QĐ-BTC, the anti-dumping duties imposed range from 21.18percent to 36.33 percent and will be in effect between April 5 and August 2,2017.
H-shapedsteel is used to make support beams at construction projects, girders for containersand trucks, steel decks and chassis.
Earliertoo, on October 5, 2016, the MoIT had conducted anti-dumping investigationsinto H-shaped steel products imported from China (including Hong Kong).Accordingly, the steel products coded HS 7216.33.00, 7228.70.10 and 7228.70.90were under investigation.
Thedecision came after the MoIT’s Vietnam Competition Authority (VCA) received apetition from Posco SS Vina Company Limited saying that H-shaped steel productsimported from China and Hong Kong have severely hit domestic steel producers.
Thedumping and damage periods that will be under investigation are from April 1,2015, to March 31, 2016.
Thereare five companies in Vietnam that produce shaped steel products, but Posco SSVina is the only producer of H-shaped steel, with an annual capacity of 700,000tonnes. This makes the company eligible to represent all local H-shaped steelfirms and file a lawsuit against imported products of the same type.-VNA
VNA
