Saturday,  Jun 23, 2018,22:59 (GMT+7) 0 0
Australia halts probe into Vietnam’s aluminum and steel
Lan Nhi
Wednesday,  Sep 13, 2017,18:47 (GMT+7)

Australia halts probe into Vietnam’s aluminum and steel

Lan Nhi

HANOI – Australia’s Anti-Dumping Commission (ADC) has decided to stop investigations and not to impose anti-dumping and anti-subsidy duties on extrusion aluminum and galvanized steel imports from Vietnam.

In August last year, ADC launched anti-dumping investigations into aluminum products imported from Vietnam following a petition by an Australian manufacturer. Besides, other enterprises alleged that galvanized steel products from Vietnam were being dumped on the Australian market.

According to the Trade Defense Department under Vietnam’s Ministry of Industry and Trade, after a year, ADC concluded that one of three Vietnamese aluminum manufacturers did not get any subsidy from the Government during the investigation period. Two other exporters were subsidized insignificantly.

In the case of zinc-plated steel, Vietnam was accused of subsidizing enterprises through 19 preferential duty programs, and supporting and trade promotion programs. However, ADC found that Vietnamese companies received subsidies from only three out of the 19 foresaid programs and the subsidies were at negligible levels, so ADC decided to terminate the anti-subsidy probe into Vietnamese steel exporters.

As for the anti-dumping investigation against galvanized steel, Australian firms claimed Vietnam imported hot-rolled coil (HRC) steel as feedstock for production of galvanized steel at prices below fair value, so prices of Vietnam’s galvanized steel were lower as well. However, the accusation has been rejected after the investigation.

Share with your friends:         
 
Business
World
Sport
Travel
 
Publication Permit No. 321/GP-BTTT issued on October 26, 2007
Deputy Editor-in-Chief: Pham Huu Chuong
Managing Editor: Nguyen Van Thang.
Assistant Managing Editor: Pham Dinh Dung.
Head Office: 35 Nam Ky Khoi Nghia St., Dist.1, Ho Chi Minh City, Vietnam. Tel: (84.28) 3829 5936; Fax: (84.28) 3829 4294.
All rights reserved.