Imposing temporary anti-dumping tax on H-shaped steel from Malaysia

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The act of dumping H-shaped steel made in Malaysia causes considerable pressure on the index of activities of the domestic manufacturing industry, reflected in criteria such as production volume, sales volume.

According to the Department of Trade Defense, the Ministry of Industry and Trade has just issued Decision No. 1162 / QD-BCT to apply temporary anti-dumping measures for some H-shaped steel products originating from Malaysia.

The temporary anti-dumping tax rate applicable to Malaysian exporters is 10.2%.

Sản phẩm thép hình chữ H.

H-shaped steel products.

The Ministry of Industry and Trade started an investigation from August 2020 on the basis of the appraisal results of the dossier requesting the application of anti-dumping measures submitted by representatives of the domestic manufacturing industry in July 2020.

After 8 months of preliminary investigation in accordance with the Law on Foreign Trade Management and relevant regulations as well as the Anti-dumping Agreement of the World Trade Organization (WTO), the Ministry of Industry and Trade has coordinated with other Relevant units shall examine and thoroughly evaluate the impact of the dumping of imported goods on the domestic manufacturing industry, and the extent of dumping of the manufacturing and exporting enterprises of Malaysia also examines and calculates the impact on downstream manufacturing industries and consumers of H-shaped steel products.

Notably, during the preliminary investigation, the Ministry of Industry and Trade also worked and consulted with relevant parties to consider and determine the scope of the product subject to investigation.

The results show that imports increased sharply during the investigation period, causing considerable damage to the domestic H-shaped steel industry.

Therefore, this act of dumping continues to put considerable pressure on performance indicators of the domestic manufacturing industry, reflected in criteria such as production output, sales volume, revenue, and profit. Profits, market share, and inventories have many fluctuations in the investigation period, these indicators all show a clear downward trend.

The Trade Defense Department said that in the coming time, to make the final conclusion about the case, the Ministry of Industry and Trade will continue to work with stakeholders to identify products with special factors that need to be eliminated. Exemptions, concurrent waivers, assess the comprehensive impact of the case on stakeholders, including the end consumer, and is expected to conclude the investigation by the second quarter.

Source: ndh.vn – Translated by fintel.vn