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Vietnamese steel mills facing barrage anti dumping lawsuits- The 18th China(Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
11/3/2016 steel tube expo-tube &pipe expo |
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VN Express reported that the US Department of Commerce has announced the final results of its anti-dumping investigations into imports of Vietnamese steel pipes. Most Vietnamese steel companies face a dumping rate of 113.18% apart from three that provided complete responses to the questionnaires issued by the DOC.
Apart from steel pipes, other Vietnamese steel products are facing a series of anti-dumping lawsuits from foreign companies.
In May this year, Malaysia announced anti dumping tariffs from 3.06 to 13.68% on cold rolled Vietnamese steel imports for five years.
Thailand also investigated cases of dumping on galvanized steel products from Vietnam in September and intends to impose anti-dumping tariffs of 7.94 to 40.49%
Australia is conducting an investigation into the dumping and subsidizing of Vietnamese galvanized steel.
According to the Competition Administration, foreign countries are issuing lawsuits to protect and develop their own steel industries.
Vietnamese companies have also been accused of exporting goods originating from China, tagging them with Vietnamese labels to avoid high taxes imposed on Chinese products.
The US Department of Commerce said that after it adopted an anti-dumping rate of 199.76 percent and anti-subsidizing tariff of 256.44 percent on Chinese rolled steel in May, the export volume from Vietnam increased sharply.
The European Anti-Fraud Office also suspects that some Chinese steel products are being passed through Vietnam before being shipped to Europe to escape anti-dumping measures. If this is true, Vietnam will have to pay anti-dumping tax arrears of 58 percent, the rate the E.U. imposes on items from China.
To win anti-dumping lawsuits, Vietnamese steel enterprises should provide proof of their products'' origins and answer all questions from petitioners, according to experts.
- The 18th China(Guangzhou ) Int’l tube
& pipe Processing Equipment Exhibition
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