ADC believe Vietnamese precision steel pipes were not dumped in Australian market

This information comes as the Australian Anti-Dumping Commission (ADC) launched a preliminary antidumping investigation into precision steel pipes and tubes from China and the Republic of Korea (RoK), Taiwan (China), and Vietnam on June 1.

As part of their conclusions in the investigation, the ADC said it was not satisfied as there appears to be sufficient grounds for the publication of a dumping duty notice in relation to goods exported from Taiwan (China), or a dumping duty notice and a countervailing duty notice in respect of goods exported from the Vietnamese market.

The conclusion also stated that ADC is also unaware of any intervention by the Vietnamese Government in terms of affecting the normal value of the product.

With regard to allegations of dumping and subsidies, all Vietnamese enterprises were concluded to have a negative dumping margin and did not receive subsidies or significant subsidies from the Government. Most notably, the dumping margin determined for Vietnamese enterprises is from -12.2% to -6.5%, while the subsidy margin is from 0% to 0.01%.

ADC therefore revealed that goods originating from both Vietnam and Taiwan (China) did not cause significant damage to the domestic industry in comparison to those from China and the RoK.

The preliminary anti-dumping tax rate of 6.2% will therefore be applied to manufacturers and exporters from the RoK, while Chinese manufacturers will be subject to anti-dumping duties of between 11.9% and 54.5%.

The Ministry of Industry and Trade moved to affirm that the ADC's preliminary conclusions have proven the effectiveness of co-ordination among the Government, enterprises, and foreign investigation agencies with regard to trade defence lawsuits.

According to statistics compiled by the General Department of Vietnam Customs, the export turnover of Vietnamese precision steel pipes to Australia in 2019 reached more than US$15 million.