Vietnam - Safeguard measures on Steel billet and Long steel (SG04)

25/12/2015 12:00 - 4802 Views

This is a safeguard investigation initiated by the Ministry of Industry and Trade of Vietnam on December 25th 2015 against imports of Steel billet and Long steel.

 
1. Petitioner: Hoa Phat Joint Stock Company, Southern Steel Company, Thai Nguyen Iron and Steel Joint Stock Corporation, Vietnam Italy Steel Company.
 
2. Product under investigation: Steel billet and Long steel.
 
3. Scope of investigation: HS number: 7207.11.00; 7207.19.00; 7207.20.29; 7207.20.99; 7224.90.00; 7213.10.00; 7213.91.20; 7214.20.31; 7214.20.41; 7227.90.00; 7228.30.10; 9811.00.00.
 
4. Final Decision

18/07/2016:
The Ministry of Industry and Trade of Vietnam issued the Decision No.2968/QD-BTC on imposing definitive safeguard measures. Under this Decision, the tariff rate of semi-finished products of alloy and non-alloy steel remained at 23.3% while that of certain finished products of alloy and non-alloy steel increased gradually from 14.2% to 15.4%.

 

Under the Agreement on Safeguards of the World Trade Organization (WTO), The Ministry of Industry and Trade of Vietnam also decided a downward trend in imposing definitive safeguard duty on semi-finished and certain finished products of alloy and non-alloy steel, as follow:

Effective period (D/M/Y)

Tariff rate of steel billet Tariff rate of long steel
22/3/2016 - 01/8/2016

23,3%
(provisional tariff rate)

14,2%
(provisional tariff rate)
02/8/2016 - 21/3/2017

23,3%
(definitive tariff rate)

15,4%
(definitive tariff rate)
22/3/2017 - 21/3/2018

21,3%

13,9%
22/3/2018 - 21/3/2019

19,3%

12,4%
22/3/2019 - 21/3/2020

17,3%

10,9%
From 22/3/2020 on 0%(if not extended) 0%
(if not extended)

 

5. Extension of the safeguard measures:

 

On March 20, 2020 The Ministry of Industry and Trade of Vietnam issued the Decision No. 918/QD-BTC on extending the safeguard measures as below:

Period (D/M/Y)

Billet Long steel
22/3/2020 - 21/3/2021 15,3% 9,4%
22/3/2021 - 21/3/2022 13,3% 7,9%
22/3/2022 - 21/3/2023 11,3% 6,4%
From 22/3/2023 on 0%
(if not extended)
0%
(if not extended)

 

- On March 2, 2023 The Ministry of Industry and Trade of Vietnam issued the Decision No. 691/QD-BTC on extending the safeguard measures as below:

Period (D/M/Y)

Long steel
22/3/2023 - 21/3/2024 6,3%
22/3/2024 - 21/3/2025 6,2%
22/3/2025 - 21/3/2026 6,1%
From 22/3/2026 on 0%
(if not extended)

 

II. Case calendar:
 

Date (D/M/Y)

Events

25/12/2015 Safeguard investigation inititation
07/03/2016 Decision on imposing provisional safeguard measures
18/07/2016 Decision on imposing official safeguard measures(Decision No. 2968/QĐ-BCT)
09/02/2018 Amendment to Decision No 2968/QD-BCT (Decision No. 538/QĐ-BCT)
 20/12/2019 Notice of a public hearing of final review (QĐ 26/TV-PVTM)
20/3/2020 Decision on extending safeguard measures appliance. (Decision No. 918/QĐ-BCT)
04/11/2022 Decision on sunset review of safeguard measures application (Decision No. 2323/QĐ-BCT)
21/03/2023 Decision on extending the safeguard measures application (Decision No. 691/QĐ-BCT)


 

The related documents (in Vietnamese) are attached below:

Tải tài liệu
1. Investigation notice
2. Notice attached to Investigation notice
3. Decision No. 862/QĐ-BCT - Provisional safeguard measures
4. Decision No. 2968/QĐ-BCT - Official safeguard measures
5. Decision No. 538/QĐ-BCT - Amending tax application decision
6. Notice No. 26/TB-PVTM - Announcement of holding a public consultation session on the end-of-term review
7. Decision No. 918/QĐ-BCT - Extending safeguard measures on billet and long steel
8. Decision No. 691/QĐ-BCT - Extending safeguard measures on long steel
9. Decision No. 2323/QĐ-BCT - Sunset review on billet and long steel initiation
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