Ministry asked to support steelmakers in US’s anti-dumping investigations

The Vietnam Steel Association (VSA) has asked the Ministry of Industry and Trade (MoIT)’s Department of Trade Defence to assist Vietnamese steel producers in anti-dumping (AD) investigations of corrosion-resistant steel (CORE) and cold rolled steels (CRS) launched by the US.  At a steel plant – Illustrative image Accordingly, the association suggested that the ministry take measures to support steel businesses in opposing the US’s acts inconsistent with international law, and require the Department of Commerce (DOC) to obey the World Trade Organisation (WTO)’s regulations and the US’s laws.  If the US side doesn’t change its decision, the MoIT needs to propose the Government sue the US at the WTO, the VSA said.  The action aims to not only protect Vietnamese steel producers but also send a message to the US that Vietnam will continue to strongly struggle against violations of international commitments in trade defence investigations in the future, thus protecting legitimate interests of local steelmakers.  If the final determinations in the investigations are not changed, Vietnam’s steel industry will suffer heavy losses as the US extends AD and countervail (CV) duties on imports of CORE steel produced in Vietnam using Chinese-origin substrate at respective rates of 199.43 percent and 39.05 percent. In 2016, US steelmakers succeeded in persuading the DOC to impose AD and CV duties on Chinese steel, which meant CRS from China would be subject to 265.79 percent AD and 256.44 percent CV duties when exported to the US. DOC statistics showed that shipments of CORE from… [Read full story]

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