On December 30, the CBSA explained its final decision in the anti-dumping and countervailing investigation into steel strapping, in which Viet Nam was subject only to anti-dumping measures.

Accordingly, when initiating an anti-dumping investigation against Viet Nam, based on the plaintiff's allegation that the Vietnamese government could indirectly influence prices in the flat-rolled steel industry in Viet Nam, the Canada Border Services Agency simultaneously initiated an export monopoly investigation into the flat-rolled steel industry, including steel strapping, under Section 20 of the Special Import Measures Act (SIMA).

Canada's Border Services Agency has sent Requests for Information (RFIs) to the Government of Viet Nam and relevant steel strap manufacturers and exporters in Viet Nam; conducted on-site verification to confirm the information provided by the Vietnamese Government and businesses, and gathered additional information and documentation.

The information and evidence gathered by Canada Border Services relating to the Vietnamese government's legal system and related policy instruments, as well as state ownership of flat-rolled steel manufacturing businesses, do not support the allegation that the Vietnamese government plays a significant determining role in domestic pricing in the flat-rolled steel industry in Viet Nam.

Furthermore, the results of price analyses conducted by the Canada Border Services Agency did not show that the prices of hot-rolled steel, cold-rolled steel (full-hard coil), cold-rolled steel coils, or steel strapping differed significantly from prices determined in a competitive market.

Based on this, the Canada Border Services Agency concluded that the Government of Viet Nam did not significantly determine prices in the flat-rolled steel industry in Viet Nam, and that the prices were substantially similar to those determined in a competitive market. Therefore, the Canada Border Services Agency did not take the view that the Section 20 export monopoly conditions existed in the flat-rolled steel industry in Viet Nam during the investigation period. With this conclusion, the CBSA decided to use the data provided by Vietnamese businesses to calculate the dumping margin.

Previously, according to the Trade Remedies Department, on December 15th, the Canada Border Services Agency issued its final decision on the case. For the only Vietnamese company exporting this product to Canada and involved in this case, the Canada Border Services Agency determined that no dumping practices existed regarding the steel strapping, and therefore no anti-dumping duties were imposed. For other Vietnamese companies, the duty rate is 25.3% based on available information.

Source: Tin Tuc News