Illustrative image (Source: internet)
Hanoi (VNA) - The Australian Anti-Dumping Commission has opened an anti-dumping investigation on wire rod in coil imports from Indonesia, the Republic of Korea, and Vietnam.

According to the Vietnam Competition Authority under the Ministry of Industry and Trade, Vietnam’s products targeted by the investigation bear the HS codes of 7213.91.00.44, 7227.90.90.02, and 7227.90.90.42. Those products are currently not subject to tax when exported to Australia.

The probe was triggered by a complaint filed by Australian steel producer OneSteels Company that took effect on May 31. The period subject to the anti-dumping investigation was from April 1, 2016 to March 31, 2017, while the period under damage enquiry was from January 2013 to present.

The dumping margins calculated by the plaintiff are 30.6 percent for Vietnam, 30.6 percent for Indonesia, and 43.3 percent for the RoK.

However, the ADC’s estimated dumping margins are 20.9 percent for Vietnam, 29.8 percent for Indonesia and 20.9 percent for the RoK.

The applicant claimed that due to a particular market situation with regard to taxes on the two main inputs, the domestic selling price for Vietnam is not appropriate for use in determining the normal value. 

The Vietnam Competition Authority said ADC could adopt temporary anti-dumping measures but not earlier than 60 days since the launch of the investigation.

ADC is due to issue Essential Facts on September 25, 2017 and the involved parties will have 20 days to give opinions on this document.

Earlier, Australia carried out anti-dumping investigation for this product imported from Indonesia and China’s Taiwan.-VNA