Vietnam launches anti-dumping probe into galvanized steel from China and RoK

19/06/2024 04:10 - 62 Views

The Ministry of Industry and Trade (MoIT) has decided to launch an investigation and apply anti-dumping measures on imported galvanized steel products originating from China and the Republic of Korea (RoK).

 

The decision has been made based on the evaluation results of the dossiers submitted by local enterprises namely Hoa Sen Group Corporation, Nam Kim Steel Corporation ,Ton Phuong Nam Company, Ton Dong A Corporation, and China Steel & Nippon Steel Vietnam Corporation.

 

Accordingly, Vietnamese enterprises had accused galvanized steel products orginating from China and the RoK of being dumped into the Vietnamese market, thereby causing significant damage to the domestic manufacturing industry.

 

Simultaneously, these firms have also provided sufficient grounds in which to establish that the products had been dumped. In addition, they have released data  to determine the dumping margin of 69.23% and 3.41% for the products from China and the RoK, respectively.

 

The investigation period to determine the dumping behavior runs from April 1, 2023, to March 31, 2023, while the investigation period to identify damage is between April 1, 2018, and March 31.

 

According to regulations, after initiating the probe, the MoIT will send an investigation questionnaire to relevant parties in order to collect information to analyze and evaluate the alleged contents.

 

Based on the results of the preliminary investigation, the MoIT will apply temporary anti-dumping measures in an effort to prevent any dumping behaviour that has caused significant damage to the domestic manufacturing industry.

 

The MoIT will also move to re-verify information provided by relevant parties before completing the official investigation conclusion on the case.

 

Simultaneously, it will host a public consultation for relevant parties to directly provide information, whilst expressing their views on the case before making a final conclusion.

 

Related businesses and individuals are duly advised to supply necessary information to the MoIT to ensure their rights and interests in accordance with the law.

 

Source: VOV

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