Vietnam’s Gov’t not intervene in domestic carbon steel prices: Canadian agency

There is not enough ground to say that the Government of Vietnam intervenes in the domestic prices of the carbon steel welded pipe industry, according to the final determination by the Canada Border Services Agency (CBSA).

The Canadian agency was required to examine if Vietnam’s carbon steel welded pipe sector operates in accordance with the market economy’s principles (Photo: VNA)

The Canadian agency was required to examine if Vietnam’s carbon steel welded pipe sector operates in accordance with the market economy’s principles.

Vietnam’s Ministry of Industry and Trade has coordinated with relevant ministries and sectors to supply full information for the CBSA during the investigation and onsite verifications. 

With the aforesaid conclusion, CBSA calculated the dumping margin of Vietnamese exporters based on their actual production costs. 

This is the first anti-dumping investigation case in which Canada concluded that a Vietnamese manufacturing industry operates according to the market economy’s principles, without the involvement of the Government.

The dumping margin of the two Vietnamese enterprises that export the product to Canada was concluded only at 3 percent and 4.9 percent, much lower that that of other exporters from Turkey, Pakistan, and the Philippines. 

This has helped Vietnamese businesses maintain their competitiveness advantages while exporting this product to Canada. 

From February 15, 2019, Canada will begin to impose anti-dumping duties on carbon steel welded pipe from Vietnam, Turkey, Pakistan, and the Philippines, according to the margin that CBSA had concluded if the Canadian International Trade Tribunal (CITT) rules that there is damage to the domestic manufacturing industry. 

Related

Market downturn leaves steel firms at a standstill
Market downturn leaves steel firms at a standstill

VOV.VN - A market downturn led to an array of steel firms posting negative growth figures in 2018 and has left many in an impasse.

Market downturn leaves steel firms at a standstill

Market downturn leaves steel firms at a standstill

VOV.VN - A market downturn led to an array of steel firms posting negative growth figures in 2018 and has left many in an impasse.

Vietnam wins steel dispute with Indonesia
Vietnam wins steel dispute with Indonesia

Vietnam had won a three-year dispute with Indonesia regarding safeguards on certain iron and steel products, according to the Trade Remedies Authority of Vietnam.

Vietnam wins steel dispute with Indonesia

Vietnam wins steel dispute with Indonesia

Vietnam had won a three-year dispute with Indonesia regarding safeguards on certain iron and steel products, according to the Trade Remedies Authority of Vietnam.

Steel producers urged to enhance product quality to compete
Steel producers urged to enhance product quality to compete

Enhancing product quality and optimising production cost would help domestic steel producers compete with the cheap products imported from China, Nguyen Van Sua, deputy president of the Vietnam Steel Association, said.

Steel producers urged to enhance product quality to compete

Steel producers urged to enhance product quality to compete

Enhancing product quality and optimising production cost would help domestic steel producers compete with the cheap products imported from China, Nguyen Van Sua, deputy president of the Vietnam Steel Association, said.