Vietnam’s Ministry of Industry and Trade will investigate alleged dumping of cold rolled carbon steel with a width of less than 1600 mm and a thickness of 0.108 mm, 2.55 mm imported from China. The investigation was initiated after requests by domestic producers including Phu Mu Flat Steel Company Limited VNSTEEL, POSCO Vietnam Co., Ltd. and China Steel Sumikin Viet Nam Joint Stock Company. These companies claimed cold-rolled steel products imported from China have been dumped in the Vietnamese market at low prices.
According to the law, after initiating the investigation, MoIT will send questionnaires to related parties to collect information to evaluate the alleged contents including: dumping behavior of Chinese exporting enterprises; losses of Viet Nam’s rolled steel industry and the causal relationship between dumping and losses of cold rolled steel industry. Based on preliminary investigation results, the MoIT may apply provisional anti-dumping measures to prevent acts that continue to cause considerable damage to the domestic manufacturing industry. The ministry will check information provided by the parties before revealing its conclusions. Public consultations will also be held for stakeholders to exchange, provide information and express their views on the case before a final decision.
Source of information