The Vietnam Steel Association has warned China about the possibilities to imposing certain punitive duties on steel. it says that country dumps its products on an already struggling market.
Given the massive imports of steel products from China due to a zero tariff, the Vietnam Steel Association has written to the China Steel Association warning of petitioning anti dumping duties on steel products from the neighboring country.
In a warning note sent to Xu Le Jiang, chairman of the China Steel Association, the VSA said it is concerned over cheap Chinese steel products affecting the Vietnamese industry. Local steel makers, who have been hit by the low demand owing to the low price steel imported from the China.
Vietnam imported 679,000 /MT of hot-rolled steel and 275,000/MT of hot steel sheets containing boron from China last year, as well as imported 270,000/MT of rolled-steel in the first five months of 2013.
It warned of a possible anti-dumping tax on cold-rolled coil and steel alloy with 0.0008 percent boron, non-metallic element Chinese producers have added to steel to get tax breaks since at least 2009. It then hiked the tariff on steel alloys used in construction to 10%. But in late 2011 it again scrapped the tax except on boron-steel alloy.
In the first seven months of the year imports of Chinese steel containing boron exceeded 350,000/MT to account for over 12% Vietnam's total consumption of construction steel.
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