Stainless steel from China

Vietnam imposes antidumping taxes over imported stainless steel from China

Xinhua reported that Vietnam's Ministry of Industry and Trade recently issued a decision on application of provisional antidumping measures on certain imported cold-rolled stainless steel.
The ministry said on its website on Friday that the decision was issued on Wednesday, defining the details on application of provisional antidumping duties on certain cold-rolled stainless steel imported into Vietnam originating in China, Indonesia, Malaysia and China' Taiwan.
Cold-rolled stainless steel products which are classified under HS of 7219.32.00; 7219.33.00; 7219.34.00; 7219.35.00; 7219.90.00; 7220.20.10; 7220.20.90; 7220.90.10; 7220.90.90 will be applied provisional antidumping duties, said the ministry.
Specifically, producers from China are defined to suffer antidumping taxes from 6.45% to 6.99%, from Indonesia 12.03%, Malaysia 14.38% and China's Taiwan 13.23% to 30.73%
The ministry said that the current import duty rates of these products are from zero percent to 10%.
The decision takes effect after 30 days from the date of signing. Provisional antidumping duties are applied within 120 days since the decision takes effect.
The investigation of antidumping case was conducted from July 2013 after two Vietnamese companies including POSCO Vst Co Ltd and Inox Hoa Binh Joint Stock Company filed a lawsuit on antidumping over cold-rolled stainless steel imported into Vietnam from China, Indonesia, Malaysia and China's Taiwan.
Source – Strategic Research Institute
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