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Vietnam steel manufacturers complain despite anti dumping duty on Chinese imports- The 19th China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
9/21/2017 管材展-钢管展-steel tube expo-tube &pipe expo |
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VietNamNet Bridge reported that the imposition of an anti-dumping duty on Chinese imports is not expected to help domestic steel manufacturers, unless comprehensive solutions are taken. After a period of temporarily imposing anti-dumping duties on Chinese H-beam steel since October 2016, Minister of Industry and Trade has decided to officially impose a duty on products which have 7216.33.00; 7228.70.10 and 7228.70.90 HS codes. The validity of the anti-dumping duty is five years, or until September 7th 2022.
MOIT (the Ministry of Industry and Trade) said it had found dumping by some Chinese enterprises, which hinders the development of the Vietnamese steel industry.
Many steel manufacturers have had difficulties in recent years and are on the verge of bankruptcy as their products are uncompetitive with low-priced Chinese products.
According to Tang Hong from the Vietnam Foundry and Metallurgy Science and Technology Association, there are big differences in prices between the steel products sourced from China and domestically made products.
Many steel manufacturers have had difficulties in recent years and are on the verge of bankruptcy as their products are uncompetitive with low-priced Chinese products.
China can create one steel tube at the production cost of VND 710,000, while Vietnamese enterprises cannot make products at such a price.
Mr Hong said that “It is very difficult to compete with Chinese products. Consumers have the right to choose cheaper products.”
However, Hong doesn’t think the anti-dumping duty MOIT imposes on Chinese products will help Vietnamese steel manufacturers and the steel industry if comprehensive measures cannot be taken.
He said many enterprises still import low-cost ingot steel from China to laminate steel products domestically.
- The
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