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