On August 24, 2020, the Ministry of Industry and Trade issued Decision No. 2251/QD-BCT on the investigation and imposition of anti-dumping measures for some H-shaped steel products with HS code 7216.33. 11, 7216.33.19, 7216.33.90, 7228.70.10 and 7228.70.90 originated from Malaysia.
The petition was lodged by Posco Yamato Vina Steel Joint Stock Company on November 6, 2019 and submitted for additional completion upon request on July 1, 2020. This is the only H-shaped steel producer in Vietnam.
The petitioner has accused H-shaped steel products originated from Malaysia of dumping into the Vietnamese market, causing significant damage to the H-shaped steel industry of Vietnam, as follows:
- The quantity of investigated goods originating from Malaysia increased in both absolute and relative terms in the investigation period and the year immediately preceding the investigation period, at over 17,000 tons and nearly 65,000 tons, respectively.
- There are signs of price mismatches, price restraints and price pressures between the imported goods subject to investigation and like product domestically produced.
- There was a decline in revenue, profit, output and market share of the domestic manufacturing industry while inventory increased.
Therefore, the petitioner proposes to impose an anti-dumping tax on the products under investigation of 10.2%.
The period of investigation to determine the act of dumping is divided into 3 times, from April 1, 2019 to March 31, 2020.
In order to analyze and evaluate allegations of dumping behavior by Malaysian exporters, damages to Vietnam’s H-shaped steel manufacturing industry and its causal relationship, the investigation authority has send questionnaires to all foreign manufacturers/exporters to answer. The deadline to answer the questionnaire is before 5:00 p.m (GMT +7) on October 15, 2020.
It is expected that after 3-4 months from the date of initiation of the investigation, the Investigation Authority will issue a preliminary conclusion on the application of anti-dumping tax.
The Ministry will also hold a public consultation for stakeholders to directly exchange, provide information, and express their views on the case before making final conclusions on the case.
Antidumping duties with a retroactive effect on imported goods shall be imposed within 90 days before the application of provisional anti-dumping duty if the imported products are determined to be dumped, volume or quantity increased sharply in the period from the time of investigation to the application of provisional anti-dumping tax and caused irreparable damage to the domestic industry.
Therefore, Import management for subject products shall be applied from the time the investigation decision is made to the end of the investigation process, the investigating authority may comply with the regime of requesting import declaration for the investigated product to serve the investigation. The import declaration does not limit the quantity, volume or value of imported goods.
As a result, stakeholders should participate fully and actively in the process of the case to ensure their legitimate rights and interests.
To know more about trade defense, please feel free to contact us at:
Ms. Gracie – Juridical Executive of MRS Steel
Whatsapp: +84 833 407 559