VN Gov’t did not intervene in domestic carbon steel prices: Canadian agency

Friday, Feb 15, 2019 15:42

Vietnamese Government was found not to have intervened in the domestic prices of the carbon steel welded pipe industry, according to Canada Border Services Agency. - VNA/VNS Photo

There was not enough evidence to say that the Vietnamese Government intervened in the domestic prices of the carbon steel welded pipe industry, according to the final determination by the Canada Border Services Agency (CBSA).

With the aforesaid conclusion, CBSA calculated the dumping margin of Vietnamese exporters based on their actual production costs.

According to Canada’s rules, if the governments of exporting countries were found to intervene in the domestic prices of products exported to Canada, Canada would calculate the dumping margin based on prices and production costs of a third country, which often resulted in higher duties.

The dumping margins of the two Vietnamese enterprises that exported the product to Canada were concluded at 3 per cent and 4.9 per cent, much lower than that of other exporters from Turkey, Pakistan, and the Philippines. This would help Vietnamese firms maintain their competitive advantages while exporting this type of product to Canada.

Canada from Friday was expected to begin to impose anti-dumping duties on carbon steel welded pipe from Viet Nam, Turkey, Pakistan, and the Philippines, according to the margin that CBSA had concluded if the Canadian International Trade Tribunal (CITT) made an order that there was damage to the domestic manufacturing industry.

During the investigation which started on July 20 last year and covered the period from July 1, 2017 to June 20, 2018, the Canadian agency examined whether Viet Nam’s carbon steel welded pipe sector operated in accordance with the market economy’s principles. The Viet Nam Ministry of Industry and Trade coordinated with relevant ministries and sectors to supply information for the CBSA during their investigation and onsite verifications, according to the Trade Remedy Authority of Viet Nam.

During the period of investigation, imports from Viet Nam accounted for 12 per cent of total imports of carbon steel welded pipe. The volume of imported carbon steel welded pipe to Canada grew from 47,657 tonnes in 2015 to 91,739 tonnes during the period of investigation, Canada’s statistics showed. — VNS

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