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Australia drops anti dumping case of Vietnamese steel rod- The 19th China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
4/3/2018 金属板材展-棒材-线材展 -plate metal expo-wire expo |
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Viet Nam News reported that after a year of thorough investigation into the anti dumping and anti-subsidisation case of Vietnamese coiled steel rod, the Australian Anti-Dumping Commission has closed the matter. No further anti-dumping subsidies will be imposed. The Vi?t Nam Steel Association said ADC had issued termination report No 416 on Monday in the case against coiled steel rod imported from South Korea, Indonesia and Vi?t Nam. ADC concluded that there was no evidence to suggest that Vietnamese steelmaker Hòa Phát Group and other steel producers had been selling under market price in Australia’s steel market.
ADC’s conclusion also defined the dumping margin for exports from South Korea and Indonesia at 20.9% and 16% respectively.
According to regulations of the World Trade Organisation and Australian Trade Law, dumping of imported goods into the country with a margin of less than 2% would not be considered dumping. The Vietnamese steel exported to Australia was dumped at a margin of less than 2%.
ADC’s decision is good news for Vietnamese steel producers as Australia is a potential steel market.
A representative of Hòa Phát Group said they had cooperated with relevant agencies and ADC in answering questions and providing adequate information and documents for direct examination in August 2018.
In addition to this, the group also submitted the plaintiff’s arguments against an application lodged by OneSteel Manufacturing Pty Ltd.
ADC concluded that there was no support from the Vietnamese Government relating to power tariffs and input material for steel producers, including Hoà Phát Group, as well as no special market situation for coiled steel rod in Viet Nam.
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