The Ministry of Industry and Trade continues to maintain anti-dumping measures for a number of H-shaped steel products originating from Malaysia under Decision No. 1975/QD-BCT issued on August 18, 2021.
Regarding this issue, the Trade Remedies Authority of Vietnam, Ministry of Industry and Trade said that the Ministry of Industry and Trade started investigating the case on August 24, 2020. The investigation process is carried out in accordance with the provisions of the World Trade Organization, the Law on Foreign Trade Management and related legal documents.
On the basis of information collected from related parties, the Ministry of Industry and Trade has carefully considered and assessed the level of dumping of H-shaped steel products imported from Malaysia, the damage to the manufacturing industry in the region as well as an assessment of socio-economic impacts, including impacts on downstream industries and consumers.
Previously, H-shaped steel products originating from China were subject to anti-dumping duties since 2017. Before 2017, Malaysia did not produce and export H-shaped steel products to Vietnam. However, after Vietnam applied anti-dumping duty on H-shaped steel to China, Malaysia’s export turnover of this product to Vietnam increased dramatically, to more than 213 billion VND in 2019 and 848 billion VND in 2020. Accordingly, there are indications of H-shaped steel being manufactured in Malaysia and then exported to Vietnam in order to evade anti-dumping duties imposed on China’s H-shaped steel.
According to the Trade Remedies Authority of Vietnam, after considering socio-economic impacts and the current supply-demand situation, the Ministry of Industry and Trade decided to impose official anti-dumping duties on some H-shaped steel products of Malaysian origin at 10.64%. This duty rate is lower than the duty rate applied to H-shaped steel imported from China (about 22% on average) and also much lower than the proposed duty rate of the domestic manufacturing industry (16.30%). This decision to impose anti-dumping duty may be periodically reviewed and adjusted in accordance with the law.
In the coming time, the Ministry of Industry and Trade will continue to coordinate with relevant ministries and branches to monitor the impact of trade remedies, production circumstances, supply-demand, and prices to implement measures to stabilize the steel market in accordance with regulations, protect the legitimate interests of manufacturing industries and consumers.
(Source: Industry and trade newspaper)