Made-in-Vietnam steel on danger of anti-dumping investigation

The Indonesian Anti-dumping Committee (KADI) has received the documents on anti-dumping investigation over steel products imported from Vietnam, Japan, China and South Korea, according to Vietnamese Ministry of Industry and Trade’s Department of Competition Management.
In order to prepare or the lawsuit, the department is totaling and checking volume and value as well as list of Vietnamese steel exporters (who export such product codes as 7209.16.00.00; 7209.17.00.00; 7209.18.90.00; 7209.26.00.00; 7209.27.00.00; 7209.28.00.00; 720990.90.00; 7211.23.20.00; 7211.29.20.00; 7211.29.90.00; 7211.90.10.00; 7211.90.90.00 as mentioned in the notice of KADI) to Indonesia.

Export is seen as a wayout for Vietnamese steel producers amid the oversupply.

Vietnam Steel Association reported that the steel export reached 880,000 tons for $880 million during the first half of 2011 (against $1 billion made in the whole 2010). The figure is expected to be 2 million tons and $2 billion in full 2011. – Vietbiz24

Tags: Vietnam steel industry, Vietnam steel market, Vietnam steel prices

Posted by VBN on Jul 8 2011. Filed under Steel. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry