Indonesia conducts AD investigation into Vietnamese steel
(VOV) - The Indonesian Anti-Dumping Committee (Komite Anti Dumping Indonesia (KADI) has announced that it will continue conducting anti-dumping (AD) investigations into cold rolled steel sheets imported from Vietnam, Taiwan, China, the Republic of Korea and Japan.
The Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade on September 8 reported that current AD tax rates have levied on Vietnamese products after the mid-term review are 12.3% - 27.8%.
KADI said it will send questions to relevant sides before organising a hearing.
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VAC advised relevant Vietnamese exporters to actively coordinate with the KADI in answering its questions to avoid risks and losses during the last review.
Vietnamese businesses will have 14 days as from September 4 to answer KADI questions.
The lawsuit was lodged in June 2011 by the plaintiff - PT Krakatau Steel.
According to statistics from the Indonesian Ministry of Trade, Vietnamese cold rolled steel sheets exported to Indonesia increased by 57.19% from 2009 to 2010 to nearly 930,000 tonnes.