Illustrative image. Photo: VNA

The Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT) has recently issued Decision No. 132/QD-BTC on the continuation of anti-dumping measures for certain imported cold-rolled (cold-pressed) steel coils or sheets from China.

In accordance with Decision No. 3390/QD-BCT issued by MoIT on December 21, 2020, the anti-dumping tax rate for Chinese cold-rolled steel goods remains constant.

According to this ruling, Chinese cold-rolled steel is subject to anti-dumping duty rates ranging from 4.43 per cent to 25.22 per cent, depending on the individual manufacturers and exporters.

Prior to September 3, 2019, many local steel manufacturing companies filed dossiers demanding anti-dumping investigations for a variety of Chinese steel goods imported into Vietnam.

The MoIT has decided to investigate the issue in line with the World Trade Organization (WTO), the Foreign Trade Management Law (FTML), and other applicable legislation.

The findings indicate that some Chinese steel products are susceptible to dumping by foreign manufacturers and exporters, posing a danger to the local steel sector.

Earlier on September 3, 2019, numerous local steel manufacturing companies filed dossiers demanding anti-dumping investigations for a variety of Chinese steel goods imported into Vietnam.

The MoIT chose to investigate the matter in compliance with WTO, FTML, and other applicable legislation.

The findings indicate that a number of Chinese steel products pose a danger to the local sector due to the dumping practises of overseas manufacturers and exporters.