Vietnam to impose anti-dumping duties on Malaysia’s H-beams

Thu, 08 Apr 2021 15:37:00  |  Print  |  Email   Share:

Certain H-beam steel products imported from Malaysia will be subject to anti-dumping duties in Vietnam, according to a recently-issued decision from the Ministry of Industry and Trade.

Illustrative photo. (Source: Internet)

Certain H-beam steel products imported from Malaysia will be subject to anti-dumping duties in Vietnam, according to a recently-issued decision from the Ministry of Industry and Trade.

A temporary anti-dumping duty of 10.2 percent will be levied on H-beams originating from Malaysia, the Trade Remedies Authority of Vietnam announced.

The ministry launched an investigation last August into Malaysian steel products following suggestions from local manufacturers that the country’s H-beams were being dumped in Vietnam and were harming the domestic industry.

During the eight-month preliminary investigation, the ministry, in cooperation with stakeholders, thoroughly reviewed and assessed the impact of the dumping of imported H-beams on domestic production and end-users, and determined the margin of dumping by producers and exporters.

Initial results showed there was a sharp increase in the volume of H-beams imported from Malaysia during the period, causing major losses to domestic producers.

The ministry will continue working with concerned parties to identify H-beam products eligible for exemptions from anti-dumping duties and will conduct a comprehensive assessment on how the case influences stakeholders, including end-users.

The investigation is expected to last through the second quarter./. 

By: VNA en.vietnamplus.vn/Customsnews

Source: https://english.haiquanonline.com.vn/vietnam-to-impose-anti-dumping-duties-on-malaysias-h-beams-17956.html

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