HCMC – Australia’s Anti-Dumping Commission has decided to launch an anti-dumping investigation into the galvanized steel products imported from Vietnam and India, announced the Vietnam Competition Authority under the Ministry of Industry and Trade.The authority said the decision came after BlueScope Steel Limited filed for a dumping margin of 16.26% applied to the Vietnamese steel products exported to Australia.BlueScope Steel claimed the steel products imported from Vietnam were sold at lower prices than the average market levels, causing significant injury for that country’s steel industry through reductions in the profits of enterprises and jobs for locals.According to the plaintiff, Australia imported around 12,524 tons of galvanized steel from Vietnam, accounting for 6.9% of the country’s total imports of this product.Among Vietnam’s galvanized steel products exported to Australia, some are imposed a duty rate of 4% and some enjoy tariff breaks.This is the second anti-dumping case against Vietnam’s imports in Australia after the transformers last year.In January last year, Indonesia decided to take safeguard measures against flat-rolled iron or non-alloy steel products imported from a number of countries, including Vietnam. This case began after PT Bluescope Steel Indonesia and PT Sunrise Steel petitioned to the Indonesian Trade Safeguard Committee on December 2012.Those companies claimed that they had been threatened or suffered serious losses by increasing steel imports and urged Indonesia authorities to apply safeguard measures against steel imports.

July 17, 2014

Source: saigontimes