Firms urged to co-operate in anti-dumping probe into imported galvanized steel
VOV.VN - The Trade Remedies Authority of Vietnam (TRAV) unveiled that it has received dossiers from local companies requesting an investigation into anti-dumping measures placed on imported galvanized steel products originated from China and the Republic of Korea (RoK).
The TRAV confirmed on May 3 that the dossiers were complete and valid whilst being in line with existing regulations relating to the law on trade remedies.
Within 45 days since the date of receiving sufficient dossiers, the investigation authority will fully evaluate and then submit them to the Minister of Industry and Trade for consideration on whether or not to initiate a probe into the case or not.
According to details of the case, the investigation authority will determine the legal representative status of businesses and individuals submitting the dossiers, whilst also clarifying the possibility that imported goods may cause significant damage to the domestic manufacturing industry.
As part of efforts to ensure the legal rights and interests of firms during the appraisal process, the investigation authority has asked concerned domestic firms to provide relevant information such as design capacity and output of coated steel products from 2019 to 2023, as well as their opinion on the case or any related documents.
The deadline for submission of these information is May 20.
Earlier, during a meeting with investors held on March 26 at Hoa Phat Dung Quat Iron and Steel Complex, Nguyen Viet Thang, general director of Hoa Phat Group, said Hoa Phat Group and the Hung Nghiep Iron and Steel Formosa Ha Tinh Co., Ltd. have submitted an application to initiate an investigation and impose anti-dumping tax on HRC imported from China.
Faced with this information, a collective of nine Vietnamese galvanised steel and steel pipe enterprises agreed to send an official dispatch to relevant agencies in order to request the possibility of initiating an investigation and imposing anti-dumping duties on HRC imported from China.
The official dispatch clearly stated that there is no legal basis to propose initiating an anti-dumping investigation on HRC products imported from China.
Simultaneously, it also pointed out the severe consequences that will face the Vietnamese steel industry and the entire economy in general if Vietnam decides to impose anti-dumping taxes on HRC products imported from the Chinese market.
On April 10, a total of 12 Vietnamese galvanized steel pipe enterprises whose production output make up 85% of the sector’s market shares filed a petition to refute Hoa Phat Group's status as a plaintiff in the lawsuit.
With regard to the issue, Chu Thang Trung, deputy director of the TRAV, said the investigation will be conducted in an open and transparent manner in accordance with Vietnamese laws and regulations of the World Trade Organization (WTO).
The Ministry of Industry and Trade will therefore make the final conclusion on whether or not to impose taxes based on the recommendations made by TRAV and WTO.
