The European Commission (EC) has launched a safeguard investigation into certain imported steel products amid a sharp rise in shipments, a move that could increase pressure on exporters, including Vietnam.
The Canada Border Services Agency (CBSA) has initiated an anti-dumping investigation into certain carbon and alloy steel wire products imported from several countries, including Vietnam.
Vietnam spent US$10.48 billion to import nearly 15 million tonnes of steel in the first 10 months of this year, an additional concern of the domestic industry which is struggling to compete with the flood of cheap steel.
India's Ministry of Finance has just issued an order to impose a tax of 12-30% on some steel products imported from China and Vietnam, including steel pipes and welded stainless steel pipes, to protect its domestic industry.
Vietnam's steel industry is facing fiercer competition from foreign rivals as imported products, particularly those from China, have flooded the domestic market, raising fears of market saturation. Industry experts have warned that without prompt action, domestic producers could be pushed to the brink.
The International Trade Practices Unit (UPCI) of Mexico’s Ministry of Economy has decided to adjust the tax rate imposed on galvanised steel imports from Vietnam, according to the Ministry of Industry and Trade (MoIT).
Over-reliance on input material imports, small production value and outdated technology were among the major weaknesses of Vietnam's steel industry, said a recent report by the Ministry of Industry and Trade.
The Trade Remedies Authority said that it had sent questionnaires on end-of-term review of anti-dumping measures against imported galvanized steel products originated from China and the Republic of Korea (RoK) to all foreign steel producers and exporters.
The Canadian International Trade Tribunal (CITT) has issued a notification on the launching of inquiry for exclusion requests concerning imports of a number of imported steel products originated from some countries, including Vietnam.
The Ministry of Industry and Trade (MoIT) has announced the implementation of the end-of-term review of anti-dumping measures on galvanized steel products imported from China and the Republic of Korea.