Australia to issue dumping notice on galvanished steel from Vietnam
Australia has decided to impose anti-dumping duties on zinc-coated steel imports from Vietnam, India and Malaysia, according to the Vietnam Trade Office in Australia.
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The galvanized steel was subjected to the dumping duty notice following recommendations by Australia’s Anti-Dumping Commission.
To compare export prices and normal value to determine whether dumping occurred and to determine the dumping margin the commission compared the weighted average of export prices with the weighted average of corresponding normal values between July 1, 2015 and June 30, 2016.
The commission concluded that the export price of the goods is below their normal value, which could harm the Australian industry producing the goods, including of profits, reduced profitability, reduced employment and price depression.
The commission estimated the dumping margins for the steel exported from a cooperative producer in Vietnam was 8.4% while uncooperative and all other exporters had a dumping margin of 14.2%.
The commission also terminated a dumping investigation against Hoa Sen Group and Nam Kim Steel JSC on July 17 as their dumping margin was negligible.
It also halted a subsidy investigation against all Vietnamese galvanized steel producers and exporters on the same day, concluding that the producers and exporters had received countervailable subsidies from the Vietnamese Government during the investigation period but the subsidies were negligible.
The countervailing duty notice will only be published for those imported from India.
