Illustrative image (Source: dantri.com.vn)Hanoi (VNA) - Four Vietnamese steel makers--including China Steel SumikinVietnam JSC, Phuong Nam Co. Ltd., Nam Kim Steel JSC, and Dong A Steel JSC--continued to demand new measures to prevent coated steel sheets shipped frommainland China and the Republic of Koreafrom being sold at cheap prices in the market.
Plaintiffrepresentative Mayer Brown JSM law firm asked the Vietnam Competition Authority(VCA)--under the Ministry of Industry and Trade--to consider applyinganti-dumping taxes, document review and a data investigation of the suspectedcompanies. The measures would aim to ensure the exact calculation on theanti-dumping amplitude and to consider the application in a 90-day periodbefore preliminary anti-dumping imposing.
NguyenVan Sua, Vice Chairman of the Vietnam Steel Association (VSA) said the suitablecalculation of anti-dumping duty levels aimed to prevent such imported productsfrom being dumped in the Vietnamese market is necessary to protect localproduction.
OnDecember 24, 2015, the VCA received appeals from the four steel firms to starta probe into the issue. The probe is applicable to the period from October 1,2014 to September 30, 2015.
Theministry promulgated the Decision No 818/QĐ-BCT on March 3, 2016 on initiatingan investigation on anti-dumping tax on imported coated steels from China andthe Republic of Korea into Vietnam.
OnSeptember 1st, 2016, the ministry issued temporary anti-dumping duties on theproducts.
Accordingly,eight Chinese companies have been applied an anti-dumping duties of 4.02 to38.34 percent while those imposed for RoK firms were 12.4 to 19 percent.
Arepresentative from the RoK Posco Company told the Dau tu (Investment)Newspaper that the dumping has not had significant damage to the domesticbusinesses. The company has been imposed an anti-dumping tax of 12.4 percentfor the coated steel product.
Hesaid the imported steel from the RoK accounted for a small portion of 4.57 percentin the investigation period in comparison with other imported productsincluding coated steel for high-end markets of automobile and electronic. Inaddition, the average of coated steel imported from the RoK was 85 USD pertonne higher than that of locally produced steel in Vietnam.
Arepresentative from the China Chamber of International Commerce (CCOIC) alsoasked Vietnamese authorities to clarify some issues related to steel productdifferentiation.
CCOICsaid local coated steel has a width of over 900mm, serving for shipbuilding industry,while those imported from China have a width of 600 to 820mm, serving for civilconstruction. The products therefore have not competed with each other.
Underthe current laws and regulations, all ideas of related parties will be analyzedand reported in the final report. However, the VCA has not provided the finalreport.-VNA
Plaintiffrepresentative Mayer Brown JSM law firm asked the Vietnam Competition Authority(VCA)--under the Ministry of Industry and Trade--to consider applyinganti-dumping taxes, document review and a data investigation of the suspectedcompanies. The measures would aim to ensure the exact calculation on theanti-dumping amplitude and to consider the application in a 90-day periodbefore preliminary anti-dumping imposing.
NguyenVan Sua, Vice Chairman of the Vietnam Steel Association (VSA) said the suitablecalculation of anti-dumping duty levels aimed to prevent such imported productsfrom being dumped in the Vietnamese market is necessary to protect localproduction.
OnDecember 24, 2015, the VCA received appeals from the four steel firms to starta probe into the issue. The probe is applicable to the period from October 1,2014 to September 30, 2015.
Theministry promulgated the Decision No 818/QĐ-BCT on March 3, 2016 on initiatingan investigation on anti-dumping tax on imported coated steels from China andthe Republic of Korea into Vietnam.
OnSeptember 1st, 2016, the ministry issued temporary anti-dumping duties on theproducts.
Accordingly,eight Chinese companies have been applied an anti-dumping duties of 4.02 to38.34 percent while those imposed for RoK firms were 12.4 to 19 percent.
Arepresentative from the RoK Posco Company told the Dau tu (Investment)Newspaper that the dumping has not had significant damage to the domesticbusinesses. The company has been imposed an anti-dumping tax of 12.4 percentfor the coated steel product.
Hesaid the imported steel from the RoK accounted for a small portion of 4.57 percentin the investigation period in comparison with other imported productsincluding coated steel for high-end markets of automobile and electronic. Inaddition, the average of coated steel imported from the RoK was 85 USD pertonne higher than that of locally produced steel in Vietnam.
Arepresentative from the China Chamber of International Commerce (CCOIC) alsoasked Vietnamese authorities to clarify some issues related to steel productdifferentiation.
CCOICsaid local coated steel has a width of over 900mm, serving for shipbuilding industry,while those imported from China have a width of 600 to 820mm, serving for civilconstruction. The products therefore have not competed with each other.
Underthe current laws and regulations, all ideas of related parties will be analyzedand reported in the final report. However, the VCA has not provided the finalreport.-VNA
VNA
