Canada welcomes Vietnam Galvanized and Galvalume (GI GL coil) after the final result of anti-dumping on imported Corrosion Resistant steel sheets from China, Chinese Taipei, India and South Korea on January 22, 2019.

Accordingly, the final result shows that the anti-dumping tax imposed on these countries is from 3.2% to 38.5%. Detail as below:

Country of Origin or Export  Margin of Dumping
The People’s Republic of China 3,6 – 53,3%
Chinese Taipei  3,2 – 33,2%
The Republic of India  40%
The Republic of Korea 9 – 40%

 

As above table, the tax rates imposed by these countries are quite high, therefore, in the first half of 2019, the import of Corrosion Resistant steel like Galvanized and Galvalume steel into Canada dropped sharply from 45 to 99% with the same period last year.

By the other side, the export turnover of similar items of Galvanized and Galvalume steel from Vietnam increased sharply. Specifically, in 2018, Vietnam only exported about 2.9 million USD into Canada, but in the first 5 months of 2019, it reached 93 million USD of Corrosion Resistant steel like GI and GL steel coils, this figure is 30 times higher than it was in 2018.

Canada has imported a lot of Vietnam Galvanized (GI) and Galvalume steel (GL) since early 2019, WHY?

  1. Canada announced the anti-dumping final result on imported Corrosion Resistant steel like Galvanized (GI) and Galvalume (GL) steel sheets from China, Chinese Taipei, India and South Korea on January 22, 2019.
  2. Vietnam and Canada join CP TPP Agreement together as active members with custom tax duty into 0% for steel products
  3. Vietnam Galvanized and Galvalume steel is with good quality because of new investments, new updated modern production lines from top machine and equipment brands in the world like Tenova, Danieli from EU.
  4. Vietnam has cheap labor cost with population over 100 million people.
  5. Vietnam has cheap transportation cost of seaway and roadway with coast line of 3,260 km. Its location is also at the heart of South East Asia for the most convenience of transportation to deliver shipments to over the world.

If you are a steel importer from Canada looking for Galvanized and Galvalume steel coil manufactured in Vietnam, please contact directly with below detail for the fastest approach:

Mr. Van Loc – Export Manager

Whatsapp: +84 973 517 635

Email: vanloc@mrs.com.vn

 

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