Vietnam considers anti-dumping investigation into imported steel
(VOV) -Domestic businesses demanded an anti-dumping investigation into a number of imported steel products.
According to the Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade (MoIT), two local firms - Posco VST and Hoa Binh Innox – have sent legal dossiers asking to levy anti-dumping taxes on cold-rolled stainless steel imported from China, Taiwan, Malaysia and Indonesia.
Vietnam’s ordinance on anti-dumping tariffs on imported goods into Vietnam stipulates that the legal dossiers will be handled within 60 days, and the final decision will be made by the MoIT on whether it will conduct the investigation or not.
Last year, the Ministry of Finance imposed anti-dumping taxes on steel and hot sheet imported from China (10.47 percent), Singapore (12.33 percent) and Ukraine (12.5 percent).