MoIT sustains anti-dumping duty on Malaysia’s H-shaped steel
Posted on 25 August 2021
The Ministry of Industry and Trade (MoIT) has decided to maintain the anti-dumping measure imposed on some H-shaped steel products from Malaysia since April 2021.
The MoIT launched an anti-dumping probe into H-shaped steel products imported from Malaysia on August 24, 2020.
It noted that before 2017, Malaysia had not produced and exported H-shaped steel to Việt Nam.
However, after Việt Nam levied anti-dumping duties on H-shaped steel from China in 2017, Malaysia’s exports of similar products to Việt Nam have risen strongly, to over VNĐ213 billion (US$9.3 million at the current exchange rate) in 2019 and VNĐ848 billion in 2020.
As there were signs of H-shaped steel manufactured in Malaysia and then exported to Việt Nam to circumvent the anti-dumping duties on similar products from China, the MoIT decided to impose an anti-dumping tax rate of 10.64 per cent on some products hailing from Malaysia.
This rate is lower than the current duty on H-shaped steel imported from China, about 22 per cent on average, and also lower than the rate proposed by domestic manufacturers, 16.3 per cent.
This anti-dumping duty could be reviewed and adjusted in line with legal regulations.
The MoIT said it would keep coordinating with relevant ministries and sectors to monitor the impact of trade remedies to take measures to stabilise the steel market in accordance with the law and to protect legitimate interests of producers and consumers.Source : Vietnam News