Indonesia slaps anti-dumping duties on cold steel sheets imported from Vietnam
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The Indonesian Anti-dumping Committee has concluded that Vietnam is dumping cold steel sheets following a 16-month-long investigation.
Indonesia will apply anti-dumping duties of 3.01-49.2 percent on imports from Vietnam. But some major exporters are set to get away with low duties, according to the Trade Remedies Authority of Vietnam.
Hoa Sen Group will pay 5.34 percent and Ton Dong A Corporation will pay 3.01 percent.
The Trade Remedies Authority of Vietnam said it has been informed by the committee that Vietnamese and Chinese cold steel sheets are being imported into Indonesia at a price lower than in those countries, hurting domestic companies.
In August 2019, the Indonesian committee announced it was opening the anti-dumping investigation. In July last year, it made a preliminary conclusion that the item under investigation was indeed being dumped.
Immediately TRAV sent a letter objecting to some unreasonable aspects of the preliminary conclusion. KADI decided to extend the investigation for six months.
Its final conclusion was announced on February 17.
Questions & Answers
Q.Which Vietnamese steel companies will be subject to lower anti-dumping duties when importing into Indonesia?
Which Vietnamese steel companies will be subject to lower anti-dumping duties when importing into Indonesia?
Hoa Sen Group will pay a duty of 5.34 percent, and Ton Dong A Corporation will face a 3.01 percent duty. These rates are significantly lower than the broader range applied to other Vietnamese exporters.
Q.What was the primary reason stated by the Indonesian committee for imposing these anti-dumping duties?
What was the primary reason stated by the Indonesian committee for imposing these anti-dumping duties?
The Indonesian committee determined that Vietnamese and Chinese cold steel sheets were being imported into Indonesia at prices below their domestic market value in those countries. This practice was deemed to be harmful to Indonesian domestic companies.
Q.How long did the Indonesian Anti-dumping Committee's investigation into Vietnamese cold steel sheets last?
How long did the Indonesian Anti-dumping Committee's investigation into Vietnamese cold steel sheets last?
The Indonesian Anti-dumping Committee's investigation lasted for 16 months. It began in August 2019 when the investigation was opened, and its final conclusion was announced on February 17.
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