Second review of anti-dumping duties on imported steel

Thursday, May 25, 2017 16:31

Anti-dumping duties on imported cold-rolled stainless steel will be reviewed for the second time.

The Ministry of Industry and Trade (MoIT) has issued a decision to conduct a second review of anti-dumping duties on imported cold-rolled stainless steel.

Decision No 1849/QD-BTC, dated May 23, 2017, was issued in response to a review proposal submitted by several steel import companies and firms that sell steel to Viet Nam.

The period for the second review is from May 1, 2016 to April 30, 2017.

As per the country’s anti-dumping regulations, concerned parties can request for a review of anti-dumping duties one year after the decision to impose it.

On September 5, 2014, the MoIT had issued Decision No 7896/QD-BTC related to imposing anti-dumping duties on several cold-rolled stainless steel products imported to Viet Nam from countries and territories including China, Indonesia, Malaysia and Taiwan.

The first review concluded on April 29, 2016.

After the first review, the anti-dumping duty on cold-rolled stainless steel imported from China-based Shanxi Taigang Stainless Steel Co Ltd was hiked from 6.58 per cent to 17.47 per cent, and from between 4.64 and 6.87 per cent to 25.35 per cent for other Chinese steel producers.

Cold-rolled stainless steel products from Indonesia was levied an anti-dumping duty of 13.03 per cent, up from 3.07 per cent.

On the other hand, duty on products from Malaysia dropped from 10.71 to 9.55 per cent.

For products from Taiwan, the duty was maintained at between 13.79 and 37.29 per cent.

The duties are applicable from May 14, 2016, to October 6, 2019, as per the results of the first review. — VNS

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