Vietnam will impose anti-dumping duties for China imports of stainless steel

Vietnam News Agency reported on the 6th, Vietnamese Ministry of Trade and Industry has decided to carry on anti-dumping investigations and anti-dumping measures for cold-rolled stainless steel imported from China, Malaysia, Indonesia and China Taiwan.

It is reported that surveyed commodities including carbon content less than 1.2% and a chromium content more than 10.5% of cold rolled stainless steel coil or steel section. This stainless steel suits for the production of furniture, such as wash basins, tubular furniture, hot water system, auto parts and building materials.

Currently, Vietnam imposed 0-10% import duty on the stainless steel, which makes so many Vietnamese domestic enterprises under deficit, therefore, various domestic steel enterprises require to levy 20 to 40 percent anti-dumping duty from the stainless steel.


Relate news: U.S. steel companies have anti-dumping investigation to Asian steel


Including U.S. Steel’s number of steel mills requested the U.S. International Trade Commission (ITC) for the nine countries and regions, mainly Asian imports of some petroleum and natural gas industrial use steel pipe carrying on anti-dumping investigation. Countries and regions involved in include India, South Korea, the Philippines, Saudi Arabia, China Taiwan, Thailand, Vietnam, Turkey and Ukraine. U.S. mills require steel from those countries to impose anti-dumping duties, and requests for imports from India and Turkey of steel imposition of countervailing duties.

In recent years, the U.S. trade protectionism trend evident warming, many countries and regions of the world’s steel imports for strict control, especially directed against China. This year in March, the United State steel also urged the ITC to take action for steel from China. In fact the United States has imposed anti-dumping and countervailing duties for most of China’s steel products include a variety of steel pipe and steel wire.

Last year in March, US Congress started the legislative process, quickly completed the countervailing bill changes, which retained commodity taxation powers on China and other countries to obtain government subsidies.


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