Thailand proposed to impose anti dumping duty onViệt Nam's steel products at Thai market. — Photo baoxaydung.com.vn

HA NOI (Biz Hub) — Thailand has proposed the imposition of anti-dumping duty at a maximum of 40.49 per cent on Viet Nam's steel products imported into the country.

This was revealed to the Ministry of Industry and Trade's Viet Nam Competition Authority.

The Viet Nam Trade Office in Thailand reported to the authority that on September 20, Thailand's Ministry of Trade's Department of Foreign Trade (DFT) released its proposal on imposing anti-dumping duty from 7.94 per cent to 40.49 per cent on Viet Nam's cold rolled steel plated or coated with the alloy of aluminum-hot dipped galvanized at Thailand's market.

DFT will receive written feedback by October 6, 2016, from firms which will have steel duty imposed on them. It will then listen to the firms' explanations on their cases at the department's headquarters in Thailand on October 12.

Thailand began investigating products imported from Viet Nam in September 2015 upon receiving a request from the NSW.Bluescope Company and studying that particular case.

This was the second anti-dumping lawsuit initiated by Thailand on Vietnamese goods. The first lawsuit in 2012 was for Viet Nam's cold rolled steel products imported to Thailand.

In another development, Thailand decided to impose anti-dumping duty on welded stainless steel tubes imported from mainland China, South Korea, Taiwan and Viet Nam within five years starting September 17, 2016.

According to a report on the Royal Thai Government Gazette website on September 16, the duty was 145.31 per cent for China's stainless steel tubes, 11.96 per cent for SeAH Steel Corp, 51.53 per cent for other companies from South Korea and 12.29 per cent for Froch Company, as well as 2.38 per cent for YC Inox and 29.04 per cent for other companies from Taiwan. The highest rate of 310.74 per cent was for Son Ha International Joint Stock Company and other companies from Viet Nam. — VNS