Thailand proposes anti-dumping duty on Vietnam’s steel products

03 October 2016

Image Courtesy: Vir.com.vn

The Vietnam Trade Office in Thailand reported to the authority that on September 20, the Thai Commerce Ministry’s Foreign Trade Department released its proposal to impose anti-dumping duties of 7.94-40.49 per cent on cold-rolled steel, steel plated or coated with aluminium alloy, and hot-dip galvanised steel imported from Vietnam.

The department will receive written feedback by October 6 from companies that will have steel duties imposed on them. It will then listen to their explanations of their cases at its headquarters on October 12.

Thailand began investigating products imported from Vietnam in September 2015 upon receiving a request from BlueScope, an Australian steel company, and is studying that particular case.

This is the second anti-dumping action initiated by Thailand on Vietnamese goods. The first, in 2012, was for Vietnam’s cold-rolled steel products imported to Thailand.

In another development, Thailand decided to impose anti-dumping duty on welded stainless-steel tubes imported from mainland China, South Korea, Taiwan and Vietnam for five years starting on September 17, 2016.

According to a report on the Royal Thai Government Gazette website on September 16, the duty was 145.31 per cent for China’s stainless-steel tubes, 11.96 per cent for SeAH Steel Corp of South Korea, 51.53 per cent for other companies from South Korea and 12.29 per cent for Froch Company of Taiwan, as well as 2.38 per cent for YC Inox and 29.04 per cent for other companies from Taiwan.

The highest rate of 310.74 per cent was for Son Ha International Joint Stock Company and other companies from Vietnam.

Source – National Multimedia