Vietnam Imposes Anti-Dumping Duties on Chinese Hot-Rolled Coil Steel
[tintuc]
Vietnam's Ministry of Industry and Trade has announced the imposition of provisional anti-dumping duties on hot-rolled coil (HRC) steel imported from China. The duties, ranging from 19.38% to 27.83%, will take effect 15 days after the issuance of the decision.
Scope of the Duties:
The duties apply to HRC under the following HS codes: 7208.25.00, 7208.26.00, 7208.27.19, 7208.27.99, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.20, 7208.39.40, 7208.39.90, 7208.51.00, 7208.52.00, 7208.53.00, 7208.54.90, 7208.90.90, 7211.14.15, 7211.14.16, 7211.14.19, 7211.19.13, 7211.19.19, 7211.90.12, 7211.90.19, 7225.30.90, 7225.40.90, 7225.99.90, 7226.91.10, and 7226.91.90.
Background:
China exported 4.94 million tons of HRC to Vietnam last year, accounting for 4.5% of China's total steel exports.Vietnam is China's top destination for steel exports, importing 12.25 million tons of steel products from China last year.The anti-dumping duties are set at 19.38% for Liuzhou Steel and 26.94% for Yanshan Steel, while all other Chinese exporters will face a 27.83% duty.Vietnam initiated an anti-dumping investigation on HRC imports from China and India in late July of the previous year.Initially proposed anti-dumping duty levels were 27.83% for Chinese HRC and 22.27% for Indian HRC. However, no duties were ultimately imposed on Indian HRC.
Key Points:
This move aims to protect Vietnam's domestic steel industry from unfairly priced imports.The decision reflects ongoing trade dynamics between Vietnam and China in the steel sector.It is noted that in the final decision by the ministry of industry and trade of vietnam, that the investigation regarding India steel has been dropped, due to the import volume of those products being under the legal limit to be investigated.
[/tintuc]
Vietnam's Ministry of Industry and Trade has announced the imposition of provisional anti-dumping duties on hot-rolled coil (HRC) steel imported from China. The duties, ranging from 19.38% to 27.83%, will take effect 15 days after the issuance of the decision.
Scope of the Duties:
The duties apply to HRC under the following HS codes: 7208.25.00, 7208.26.00, 7208.27.19, 7208.27.99, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.20, 7208.39.40, 7208.39.90, 7208.51.00, 7208.52.00, 7208.53.00, 7208.54.90, 7208.90.90, 7211.14.15, 7211.14.16, 7211.14.19, 7211.19.13, 7211.19.19, 7211.90.12, 7211.90.19, 7225.30.90, 7225.40.90, 7225.99.90, 7226.91.10, and 7226.91.90.
Background:
China exported 4.94 million tons of HRC to Vietnam last year, accounting for 4.5% of China's total steel exports.
Vietnam is China's top destination for steel exports, importing 12.25 million tons of steel products from China last year.
The anti-dumping duties are set at 19.38% for Liuzhou Steel and 26.94% for Yanshan Steel, while all other Chinese exporters will face a 27.83% duty.
Vietnam initiated an anti-dumping investigation on HRC imports from China and India in late July of the previous year.
Initially proposed anti-dumping duty levels were 27.83% for Chinese HRC and 22.27% for Indian HRC. However, no duties were ultimately imposed on Indian HRC.
Key Points:
This move aims to protect Vietnam's domestic steel industry from unfairly priced imports.
The decision reflects ongoing trade dynamics between Vietnam and China in the steel sector.
It is noted that in the final decision by the ministry of industry and trade of vietnam, that the investigation regarding India steel has been dropped, due to the import volume of those products being under the legal limit to be investigated.
[/tintuc]
