Posted on 09 May 2016
The Ministry of Industry and Trade has adjusted up anti-dumping duties on cold-rolled stainless steel products imported from China and Indonesia while cutting tariffs on similar products imported from Malaysia.
The ministry announced the decision last week following the first review of anti-dumping measures against a number of cold-rolled stainless steel products imported into Vietnam, according to the Vietnam Competition Authority under the ministry.
Under the decision, the duty will be 17.47% for products made by China’s Shanxi Taigang Stainless Steel from May 14 this year to October 6, 2019, well above the current 6.58% tariff levied since October 5 last year.
A duty of 25.35%, up from 4.64-6.87%, will be slapped on imports of the similar products manufactured by other Chinese producers.
The ministry revised up the anti-dumping tax on cold-rolled stainless steel imported from Indonesia to 13.03% from 3.07%, but lowered the duty on products from Malaysia to 9.55% from 10.71%. The duty on Taiwan’s stainless steel exports are kept unchanged at 13.79%-37.29%.
The revised duties will be slapped on cold-rolled stainless steel items classified under Harmonization System Codes 7219.32.00, 7219.33.00, 7219.34.00, 7219.35.00, 7219.90.00, 7220.20.10, 7220.20.90, 7220.90.10, and 7220.90.90.
On September 5 last year, the ministry levied anti-dumping taxes on cold-rolled stainless steel products imported from China, Indonesia, Malaysia and Taiwan.
About a year later, Posco VST Co Ltd and Inox Hoa Binh Joint Stock Company, on behalf of other local stainless steel producers, petitioned the ministry to review anti-dumping duties on the products under Vietnam’s Ordinance on Anti-dumping of Imports.
In October last year, the ministry decided to review anti-dumping measures against cold-rolled stainless steel products imported from China, Malaysia and Indonesia.
