Inonesian government keeps an anti - dumping tax rate for steel products from Viet Nam. — Photo cafef.vn

HA NOI (Biz Hub) — The Indonesian Anti-Dumping Committee decided to keep an anti-dumping tax rate of between 12.3 per cent and 27.8 per cent for steel products imported from Viet Nam for the next five years to protect local steel producers.

The final decision was made after reviewing anti-dumping investigations into cold rolled steel sheets imported from Viet Nam, China, Japan, Taiwan and South Korea in September 2015, the Viet Nam Competition Authority said.

Steel products from Japan, China, South Korea and Tainwan have anti-dumping taxes of from 18.6 per cent to 55,6 per cent, 13.6 per cent to 43.5 per cent, 10.1 per cent to 11 per cent and 5.9 per cent to 20.6 per cent, respectively.

A lawsuit was lodged by plaintiff PT Krakatau Steel in 2011. In March 2012, the Indonesian Ministry of Finance decided to levy anti-dumping duties on steel products imported from the five countries and territory. — VNS