Finished steel products. (Photo: Tuan Anh/VNA)
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According to the Vietnam’s Ministry of Industry and Trade’s Trade Defense Department, on September 5, 2024, the Canada Border Services Agency (CBSA) issued its final conclusion on the investigation and application of anti-dumping measures on steel wire products originating or exported from China, Egypt, and Vietnam.
The dumping margins for the companies were determined as follows: For China, Jiangsu Shagang International Trade Co., Ltd. was set at 34%, while other exporters faced a margin of 46.2%.
Additionally, for Egypt, Suez Steel Co., Ltd. had a dumping margin of 8.6%, and the margin for other exporters was 21.3%.
In the case of Vietnam, Hoa Phat Dung Quat Steel Joint Stock Company was determined to have a margin of 17.7%, and Hoa Phat Hai Duong Steel Company had a margin of 13.5%.
Currently, the Canadian International Trade Tribunal (CITT) is in the process of determining injury to the domestic industry and is expected to release its conclusion on October 4, 2024.
Previously, on March 8, 2024, the CBSA initiated an investigation into the application of anti-dumping measures on steel wire products originating or exported from China, Egypt, and Vietnam.
On June 6, 2024, the CBSA issued its preliminary conclusions on the investigation of anti-dumping measures regarding steel wire products from the aforementioned countries.
The temporary anti-dumping duties for Vietnamese companies are currently at their lowest levels (ranging from 6.1% to 38.9%) compared to Chinese companies (50.9% – 71.1%) and Egyptian companies (49.7% – 99.8%) involved in this CBSA investigation./.
By Uyen Huong
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