Vietnam to impose anti-dumping duties on Malaysia’s H-beams
Certain H-beam steel products imported from Malaysia will be subject to anti-dumping duties in Vietnam, according to a recently-issued decision from the Ministry of Industry and Trade.
Hanoi (VNA) - Certain H-beam steel products imported fromMalaysia will be subject to anti-dumping duties in Vietnam, according to arecently-issued decision from the Ministry of Industry and Trade.
A temporary anti-dumping duty of 10.2 percent will be levied on H-beams originatingfrom Malaysia, the Trade Remedies Authority of Vietnam announced.
The ministry launched an investigation last August into Malaysian steelproducts following suggestions from local manufacturers that the country’s H-beamswere being dumped in Vietnam and were harming the domestic industry.
During the eight-month preliminary investigation, the ministry, incooperation with stakeholders, thoroughly reviewed and assessed the impact ofthe dumping of imported H-beams on domestic production and end-users, anddetermined the margin of dumping by producers and exporters.
Initial results showed there was a sharp increase in the volume ofH-beams imported from Malaysia during the period, causing major losses todomestic producers.
The ministry will continue working with concerned parties to identifyH-beam products eligible for exemptions from anti-dumping duties and willconduct a comprehensive assessment on how the case influences stakeholders,including end-users.
The investigation is expected to last through the second quarter./.
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