Vietnam’s steel exports affected by anti-dumping investigations
VietNamNet Bridge - Vietnam’s steel exports are encountering difficulties as they are facing anti-dumping investigations raised by importing countries.
Vietnam steel exports are encountering difficulties
On July 24, the Canadian International Trade Tribunal (CITT) releases a final judgment about imported cold-rolled coil steel from China, South Korea and Vietnam for domestic steel manufacturing.
The judgment was made based on the results of an investigation conducted in accordance with SIMA (special import measures act) and an investigation by CBSA (Canada Border Service Agency).
CITT stated that there were signs of dumping and subsidizing cold-rolled steel products, which harms and threatens the Canadian domestic steel industry.
Vietnam’s steel exports are encountering difficulties as they are facing anti-dumping investigations raised by importing countries.
CBSA is also carrying out a probe on whether the cold-rolled steel from the three countries are being dumped in the Canadian market. The final decision is expected to be released on August 20.
Besides cold-rolled steel, CITT and CBSA are also investigating some carbon welded steel pipe products from Vietnam, the Philippines, Pakistan and Turkey. The final decision is expected to be released on September 18 and October 18.
Prior to that, on July 18, the European Commission told the WTO about the EU’s application of temporary safeguard measures (for 200 days) while undertaking the probe on some imported steel products. Three groups of Vietnam’s products are subject to safeguard measures.
Also in July 2018, DFT (Thai Department of Foreign Trade) initiated an investigation for the second extension of safeguard measures against non-alloy steel sheets
According to the Ministry of Industry and Trade, Vietnam was excluded from the list of countries subject to the safeguard measures because of insignificant amount of exports.
However, in the second investigation, if Vietnam’s exports account for more than 3 percent of Thailand’s total imports, DFT may not exclude Vietnam from the list.
In mid-June 2018, some steel manufacturers in the US filed requests for investigating and applying measures to prevent anti-dumping and anti-subsidy duty avoidance by non-corrosion steel imports from Vietnam.
The steel manufacturers said that after the US carried out the anti-dumping and anti-subsidy investigations in 2015, steel imports from South Korea and Taiwan decreased, while imports from Vietnam increased rapidly.
The manufacturers also accused Vietnam of importing hot-rolled steel from Taiwan and South Korea to make products.
Facing many anti-dumping investigations, Vietnamese steel manufacturers are experiencing hardships.
Meanwhile, in the context of the China-US trade tensions, worries have been raised that Chinese steel will be carried to Vietnam before it is shipped to the US to avoid anti-dumping duties.
VSA has warned against the problem, asking steel manufacturers not to lend a hand to the Chinese to change the product origin from China to Vietnam.