Steel industry says India dumping probe no threat

01/05/2009 12:00 - 627 Views

The Vietnam Steel Association said it does not feel threatened by a dumping probe initiated by India because the country did not manufacture the products that have come under investigation.

India’s Directorate General of Safeguards will impose anti-dumping measures on steel imports from Vietnam and 15 other markets if its investigation finds the domestic steel industry injured or threatened by the imports.

But Pham Chi Cuong, chairman of the Vietnam Steel Association, said his association is not worried because Vietnamese steel companies do not manufacture hot rolled coils, sheets or strip steel - the products under investigation.

Some trading firms imported the products late last year, but when prices dropped, re-exported to foreign markets, including India, Cuong said.

“These companies are not members of the association and only antidumping lawsuits against manufacturers need to be paid attention to.”

It is also difficult to initiate a dumping investigation against the trading firms because they exported the steel to India for just a brief period, he added.

TBKTSG Online

Last Updated: Thursday, April 30, 2009 11:12:59 Vietnam (GMT+07)

Source: www.thanhniennews.com