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Vietnam unconcerned over Indian move of safe guard on HR
05/05/2009 12:00
The Vietnam Steel Association said it does not feel threatened by a dumping probe initiated by India because the country did not manufacture the products that have come under investigation.
Mr Pham Chi Cuong chairman of the Vietnam Steel Association said that his association is not worried because Vietnamese steel companies do not manufacture hot rolled coils, sheets or strip steel the products under investigation.
He added that some trading firms imported the products late last year, but when prices dropped, re-exported to foreign markets, including India. Mr Cuong said that “These companies are not members of the association and only antidumping lawsuits against manufacturers need to be paid attention to.”
He added that “It is also difficult to initiate a dumping investigation against the trading firms because they exported the steel to India for just a brief period.”
India’s Directorate General of Safeguards will impose anti dumping measures on steel imports from Vietnam and 15 other markets if its investigation finds the domestic steel industry injured or threatened by the imports.
Mr Pham Chi Cuong chairman of the Vietnam Steel Association said that his association is not worried because Vietnamese steel companies do not manufacture hot rolled coils, sheets or strip steel the products under investigation.
He added that some trading firms imported the products late last year, but when prices dropped, re-exported to foreign markets, including India. Mr Cuong said that “These companies are not members of the association and only antidumping lawsuits against manufacturers need to be paid attention to.”
He added that “It is also difficult to initiate a dumping investigation against the trading firms because they exported the steel to India for just a brief period.”
India’s Directorate General of Safeguards will impose anti dumping measures on steel imports from Vietnam and 15 other markets if its investigation finds the domestic steel industry injured or threatened by the imports.
from TBKTSG Online
Source: steelguru.com
Source: steelguru.com
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