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4 Vietnamese enterprises want tight control plated steel imports
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Prevent plated steel imports from China, Korea in the domestic market continued to be the plaintiff is 4 Vietnam enterprises (JSC China Steel Sumikin Vietnam, Ton Phuong Nam Co., Ltd., JSC Nam Kim steel Joint stock company and Dong Ton)) maintain our view.
Specifically, Mayer Brown JSM law firm representing the plaintiffs suggest Competition Administration Department (MOIT) to consider the application of anti-dumping measures in the final decision, review of records, the data data of the company under investigation in order to ensure the dumping margin calculated accurately and consider the application of anti-dumping duty in effect for the period of 90 days prior to the preliminary duty.
Mr. Nguyen Van Sua, Vice Chairman of the Vietnam Steel Association (VSA), the calculation of dumping reasonable to prevent the dumping of galvanized steel in Vietnam is essential to protect industry domestically.
The process of the case was started in late 2015, when 4-plated steel manufacturers in Vietnam have sent an application for the Competition Administration Department handling the case. Investigation phase is determined from date to date 30/09/2015 01/10/2014.
After the Ministry of Industry and Trade issued Decision No. 818 / QD-BCT of the investigation applied anti-dumping measures on steel products imported into Vietnam plated originating from China and Korea (March / 2016), on 09.01.2016, the Ministry of Industry and trade issued Decision No. 3584 / QD-BCT on the application of anti-dumping measures temporarily galvanized steel products imported into Vietnam.
Accordingly, eight Chinese companies subject to tax at 4.02 to 38.34%, while Korean businesses subject to anti-dumping tax rate from 12.4 to 19%.
Protest before the products are brought into Vietnam, were subject to 12.4%, representing the Korean company Posco said that this incident no damage / threat of material injury to the domestic industry.
According to Posco, galvanized steel imports from Korea accounted for 4.57% is a very small percentage in the investigation period compared to other imported products, which include high-grade galvanized steel grade certification and supply applications for high-end market segment serves the automotive sector and electronics. Moreover, the average price of galvanized steel from South Korea imported high-more than 85 USD / ton compared to the average price of galvanized steel production unit in Vietnam.
Meanwhile, representatives of the Chamber of Commerce and Industry of China (CCOIC) recommended investigating agency to clarify some issues related to the product differences. CCOIC argued that the domestic production of galvanized steel of a width of 900 mm or more, serve the shipbuilding industry works, while galvanized steel imported from China with a width of 600 mm to 820 mm , service of civil process, so these products do not compete with each other.
As a rule, all the opinions of the stakeholders in the consultative meeting will be investigating authorities analysis, reflected in the final report. However, until the present time, authorities have yet to give the final report.
Source: Invest
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