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Vietnam will impose anti-dumping duties for China imports of stainless steel by lee ryan





Article Author Biography
Vietnam will impose anti-dumping duties for China imports of stainless steel by
Article Posted: 07/08/2013
Article Views: 429
Articles Written: 234
Word Count: 347
Article Votes: 0
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Vietnam will impose anti-dumping duties for China imports of stainless steel


 
Business News,New to the Internet
Vietnam News Agency reported on the 6th, Vietnamese Ministry of Trade and Industry has decided to carry on anti-dumping investigations and anti-dumping measures for cold-rolled stainless steel imported from China, Malaysia, Indonesia and China Taiwan. It is reported that surveyed commodities including carbon content less than 1.2% and a chromium content more than 10.5% of cold rolled stainless steel coil or steel section. This stainless steel suits for the production of furniture, such as wash basins, tubular furniture, hot water system, auto parts and building materials. Currently, Vietnam imposed 0-10% import duty on the stainless steel, which makes so many Vietnamese domestic enterprises under deficit, therefore, various domestic steel enterprises require to levy 20 to 40 percent anti-dumping duty from the stainless steel.

Relate news: U.S. steel companies have anti-dumping investigation to Asian steel

Including U.S. Steel's number of steel mills requested the U.S. International Trade Commission (ITC) for the nine countries and regions, mainly Asian imports of some petroleum and natural gas industrial use steel pipe carrying on anti-dumping investigation. Countries and regions involved in include India, South Korea, the Philippines, Saudi Arabia, China Taiwan, Thailand, Vietnam, Turkey and Ukraine. U.S. mills require steel from those countries to impose anti-dumping duties, and requests for imports from India and Turkey of steel imposition of countervailing duties. In recent years, the U.S. trade protectionism trend evident warming, many countries and regions of the world's steel imports for strict control, especially directed against China. This year in March, the United State steel also urged the ITC to take action for steel from China. In fact the United States has imposed anti-dumping and countervailing duties for most of China's steel products include a variety of steel pipe and steel wire. Last year in March, US Congress started the legislative process, quickly completed the countervailing bill changes, which retained commodity taxation powers on China and other countries to obtain government subsidies.

Ontrend Industrial Limited is high quality carbon steel pipe and Tinplate supplier in China, if you have any need, please feel free to visit our website- http://www.beststeelhome.com/

Related Articles - Asian steel, steel pipe, stainless steel,

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