Following this decision, cold-rolled steel sheets imported from the Vietnamese market will not be subject to anti-dumping duties of up to 49.2%.

This comes following an anti-dumping investigation initiated by the Indonesian Anti-Dumping Committee (KADI) in August 2019, before being completed in February this year.

According to data compiled by the Indonesian investigating agency, Indonesia imported approximately 365,000 tonnes of cold rolled steel sheets from Vietnam worth roughly US$290 million annually throughout the investigation period.

The TRAV indicated that this represents a positive result for Vietnamese exporters that have fully co-operated with KADI for nearly two years as they have consistently provided sufficient information at the request of the Indonesian investigating agency.

During the investigation period, the Ministry of Industry and Trade (MoIT) has been closely monitoring developments of the case and acted promptly to assist Vietnamese firms protect their legitimate interests.  

Both the MoIT and the TRAV have sent letters to relevant Indonesian agencies to calculate and determine the dumping margin in line with the World Trade Organization (WTO) and international practices.

The MoIT has also directed the Vietnamese Trade Office in Indonesia to attend public hearings and use them as platforms to voice their support for Vietnamese businesses.

Moving forward, the TRAV will continue co-ordinating alongside the Vietnam Steel Association and related firms as they monitor the latest developments in export markets and the Indonesian market in order to take timely measures

.Source: VOV