Việt Nam will apply temporary anti-dumping measures on some H-shaped steel products originating from Malaysia.

The Trade Remedies Authority of Việt Nam said the Ministry of Industry and Trade recently issued Decision No.1162/QĐ-BCT to apply temporary anti-dumping measures on some H-shaped steel products from Malaysia.
The temporary anti-dumping tax rate applied to Malaysian exporters is 10.2 per cent.

The Trade Remedies Authority of Việt Nam launched the investigation in August last year based on the appraisal results of the petition requesting anti-dumping measures from representatives of the domestic manufacturing industry filed in July last year.

After eight months of preliminary investigation, the results showed the import volume of H-shaped steel from Malaysia increased sharply during the investigation period, causing considerable damage to the domestic H-shaped steel manufacturing industry.

The dumping put considerable pressure on the domestic manufacturing industry, reflected in criteria such as production output, sales volume, revenue, profit, market share, and inventories which fluctuated heavily during the investigation period. These indicators all show a clear downward trend.

To make a final conclusion about the case, the Ministry of Industry and Trade will continue working with related parties to identify products with special factors that need to be excluded and exempt, and at the same time, assess the impact of the cases on stakeholders, including end consumers.

The case is expected to conclude in the second quarter of this year.
 

Source: Vietnam News