Home / Economy / Industry
Indonesia imposes anti-dumping tariffs on cold steel sheet from Vietnam
Phi Khanh 08:06, 2021/02/21
It is the final conclusion of an Indonesian agency for cold steel sheet imported from Vietnam.

The Indonesian Anti-dumping Committee (KADI) will impose anti-dumping tariffs on cold-rolled steel imports from Vietnam and China after a 16-month investigation, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade. 

 A Hoa Sen-Phu My steel sheet factory in Ho Chi Minh City. Photo: Hoa Sen Group

The anti-dumping duties of 3.01-49.2% on steel imports from Vietnam will affect Vietnamese major exporters including Hoa Sen and Ton Dong A Corporation which will pay 5.34% and 3.01%, respectively, according to the Trade Remedies Authority of Vietnam (TRAV).

Earlier, the TRAV was informed by the KADI that Vietnam’s cold steel sheet manufacturers are  selling their products in Indonesian market at less than fair value which has caused injury to Indonesian cold steel sheet companies.

In August 2019, the Indonesian committee announced an anti-dumping investigation on aluminum coated steel imports from Vietnam and China. 

Immediately, the TRAV sent a letter protesting some contents in the draft conclusion of KADI which it said unreasonable. Specifically, some conclusions are inconsistent, not reflecting the actual situation of Vietnamese enterprises such as value added tax, duplication in calculations. These inaccuracies have led to a high margin of dumping and is detrimental to Vietnamese enterprises.

Then, on August 24 2020, KADI decided to extend the investigation for another six months as the agency needed more time to conduct thorough probe.

TAG: cold steel sheet imports Hoa Sen Ton Dong A anti-dumping tariffs
Other news
20:04, 2023/06/04
Vietnamese urged to equip digital privacy skills
This year's Vietnam Security Summit is expected to be a forum for issues related to information security.
13:20, 2023/06/02
Hanoi welcomes 10.11 million visitors in Jan-May
The visitors to the city accounted for 45% of the given target of 22 million for 2023.
16:06, 2023/05/27
EuroCham, MOLISA seek to simplify foreign work permit issuance
The suggested solutions, if implemented, would greatly help to achieve this objective.
21:40, 2023/05/26
Strengthening Vietnam's regional linkages for sustainable green exports
In line with the direction of sustainable development and meeting international requirements for circular economy, the regional linkage strategy between Ho Chi Minh City and other provinces and cities aims at green exports.
17:13, 2023/05/26
Businesses call for greater transparency in State governance
Businesses expressed concerns about the shortage of orders, difficulties in obtaining credit, red tape, and the possibility of being prosecuted for economic offenses.
23:09, 2023/05/25
Investment opportunities for hospitality real estate in Vietnam: Colliers
Hospitality properties have long been considered a lucrative and long-term profitable investment for real estate investors operating in Vietnam.