10:35 | 04/09/2015 Trade
The Australian Anti-Dumping Commission (ADC) has announced its decision to conclude its dumping investigation into zinc-coated (galvanised) steel imported from Vietnam.
Vietnamese zinc-coated steel not dump price in Australia (Source: VNA)
The Vietnamese trade mission in Australia said the ADC concluded that Vietnamese galvanised steel shipped to Australia was of unremarkable quantity and not sold at dumping prices, therefore posing no threat to Australia’s domestic steel production.
Previously, in July last year, BlueScope Steel filed a complaint accusing Vietnamese zinc-coated steel of being dumped in Australia with a dumping margin of 16.26 percent.
Although Vietnam’s steel, at around 12,524 tonnes, accounted for just 6.9 percent of total Australia’s zinc-coated steel imports, BlueScope Steel said Vietnamese steel caused significant damages to the domestic industry.
As more and more lawsuits related to trade defence are expected when Vietnam further integrates into the world economic economy, Vietnamese businesses are advised to have plausible evidence and strong argument to prove and protect their legitimate interests./.