CANBERRA: Australia’s Anti-Dumping Commission last week announced to stop its dumping investigation into galvanized steel products imported from Vietnam.
The commission launched a dumping probe into galvanized steel imports from Vietnam and India on July 11 following a dumping allegation claimed by Australian firm BlueScope Steel Limited.
However, the commission said Vietnam’s Hoa Sen Group and three Indian steel companies did not dump their products on Australia’s market and their small galvanized steel exports did not cause material injury for Australian steel producers.
BlueScope Steel Limited previously filed a dumping margin of 16.26% against Vietnamese steel products exported to Australia. The company claimed the steel products imported from Vietnam were sold at below fair market value, causing significant injury for Australia’s steel industry.
According to the plaintiff, Australia imported around 12,524 tons of galvanized steel from Vietnam in 2013, accounting for 6.9% of the country’s total imports of this product.
Among Vietnam’s galvanized steel products shipped to Australia and subject to the probe, some are imposed a duty of 4% and some other enjoy 0% tariffs.
Speaking at a conference on the Vietnam-U.S. ties in HCMC last Friday, Hoa Sen Group’s chairman Le Phuoc Vu said Vietnamese steel firms have got more orders for steel products from the U.S.
