Posted on 27 Jul 2016
The Vietnam Competition Authority has got a petition from domestic steel producers to impose safeguard duties on H-shaped steel imports from China.
The authority under the Ministry of Industry and Trade confirmed the petition is in line with anti-dumping regulations on imports into Vietnam. Within 45 days from last Tuesday, the agency will evaluate the request before forwarding it to the Minister of Industry and Trade to decide whether an investigation into H-shaped steel imports from China would be launched or not.
Domestic firms which manufacture and trade the same product are encouraged to provide related information and documents to the authority until August 2 to help it with the evaluation of the case and protect their interests.
This is the fifth time Vietnam-based steel mills have sought safeguard measures against steel imports. Previously, local firms filed anti-dumping lawsuits against imported cold-rolled stainless steel, steel ingots and long steel, and coated and color-coated steel sheets.
Vietnam will slap respective official safeguard duties of 23.3% and 15.4% on imported steel ingots and long steel from August 2 after the levy of temporary tariffs. Such taxes will gradually go down in the coming years.
In 2014, Vietnam decided to impose anti-dumping tariffs on cold-rolled stainless steel imports from China, Indonesia, Malaysia and Taiwan.
