Vietnam announces anti-dumping duties on imported stainless steel products from China, Malaysia and

According to the "Vietnam Economic Times" reported on July 6, the Ministry of Industry and Trade recently issued the 2398/QD-BCT decision to impose anti-dumping duties on stainless steel products imported from China, Malaysia, Indonesia and Taiwan. The new anti-dumping tax rate is implemented from July 20, 2018 to October 6, 2019, and is the same as the original tax rate for the period from May 14, 2016 to July 19, 2018.

Specifically, the tax rate for Chinese stainless steel producers is still 25.35%, but Shanxi Taigang's tax rate is 17.47%; Indonesian producer tax rate is 13.03%, but Indonesia's jin jindal (PT jindal) tax rate fell to 6.64%. The tax rate for stainless steel products in Malaysia is still 9.31%; Taiwan in China continues to be 13.79%, but the tax rate for Yuan Long is 37.29%.

Is it planned to build a 600,000-ton stainless steel steelmaking plant in Vietnam?

According to media reports, Vietnam and HoaPhatSteel will cooperate with the Italian metallurgical equipment manufacturer Danieli Group on stainless steel production. Producing stainless steel in Vietnam, this will be the first stainless steel plant in Vietnam with high technology. The estimated annual production capacity of stainless steel electric furnace steelmaking plant is 600,000 tons, which can be increased to 1 million tons.

Taiwan media analysis believes that Vietnam imports nearly 600,000 tons of stainless steel, of which China's Taiwan accounted for nearly 10%. Worried that once Vietnam's stainless steel plant is completed, it will affect its export market share to Southeast Asia, in addition to affecting Taiwan's exports to Vietnam. .

In fact, if Vietnam builds this stainless steel capacity, it will not only affect China’s exports. According to statistics, in 2017, China’s exports of only stainless steel coils to Vietnam were close to 300,000 tons. Compared with Vietnam’s annual import of 600,000 tons, mainland China’s share of imports has reached 50%. It should be said that Vietnam The potential impact of local factories on China's exports may be even greater. Similarly, exports from other parts of Southeast Asia may add new crushing power in addition to Indonesia's capacity.

Source: Dongbo News Agency

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