CANBERRA: Anti-Dumping Commission has closed the matter. No further anti-dumping subsidies will be imposed. The Vi?t Nam Steel Association said ADC had issued termination report No 416 on Monday in the case against coiled steel rod imported from South Korea, Indonesia and Vi?t Nam. ADC concluded that there was no evidence to suggest that Vietnamese steelmaker Hòa Phát Group and other steel producers had been selling under market price in Australia’s steel market.
ADC’s conclusion also defined the dumping margin for exports from South Korea and Indonesia at 20.9% and 16% respectively.
According to regulations of the World Trade Organisation and Australian Trade Law, dumping of imported goods into the country with a margin of less than 2% would not be considered dumping. The Vietnamese steel exported to Australia was dumped at a margin of less than 2%.
ADC’s decision is good news for Vietnamese steel producers as Australia is a potential steel market.
A representative of Hòa Phát Group said they had cooperated with relevant agencies and ADC in answering questions and providing adequate information and documents for direct examination in August 2018.
