Vietnam steel industry warns China of anti-dumping tax

18/06/2015 10:29 - 600 Views

The Vietnam Steel Association has warned China of possible punitive duties on steel it says that country dumps on an already struggling market.

In a warning note sent to Xu Le Jiang, chairman of the China Steel Association, the VSA said it is concerned over cheap Chinese steel products affecting the Vietnamese industry.

It warned of a possible anti-dumping tax on cold-rolled coil and steel alloy with 0.0008 percent boron, a non-metallic element Chinese producers have added to steel to get tax breaks since at least 2009.

The trace of boron, while having no effect on the quality of the steel, is the minimum level required to constitute steel alloy, which used to be exempt from tax until 2009 when Vietnam got wise to it.

It then hiked the tariff on steel alloys used in construction to 10 percent. But in late 2011 it again scrapped the tax except on boron-steel alloy.

September 30, 2013

Source: aboutvietnam.net