Steelmakers urge import protection Many markets use anti-dumping measures for steel products, photo: Le Toan The MoIT said that the deadline for the investigation of this case would be March 2021 as it needs more time to review and clarify problems caused by the COVID-19 pandemic. Meanwhile, local steelmakers complained in a petition sent to the MoIT last year that these imported products originating from China have been causing damage to their business and cited that these Chinese steel products have been being sold at prices 4-14 per cent lower than local ones, and 9-19 per cent lower than imports from Japan, Taiwan, and South Korea. Cold-rolled steel sheets offer a variety of outstanding properties, including easy formability and a smooth, clean surface, and are used in automobiles, appliances, furniture, and many other everyday items. Anti-dumping measures, such as the requested ones, are nothing new in Vietnam’s steel sector as the country last year decided to extend the validity of anti-dumping duties on cold-rolled stainless steel products originating from China, Indonesia, and Taiwan for an additional five years, starting from last October, following another request by Posco and Inox Hoa Binh JSC, which account for 80 per cent of domestic… Read full this story
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