Case Overview:
The Vietnam Trade Remedies Authority has received information regarding the Department of Foreign Trade of Thailand (the Investigating Authority) publishing an official notice of the initiation of an anti-dumping investigation concerning cold-rolled stainless steel products originating from or imported from Vietnam.
Date of Investigation Initiation: October 3, 2024
Petitioner: Posco-Thainox Public Company Limited
Goods Subject to Investigation:
- Characteristics of Goods: Cold-rolled stainless steel in coil, sheet, and strip forms, with a thickness ranging from 0.3 mm to 3.0 mm and a width not exceeding 1,320 mm.
- HS Codes: The goods under investigation include cold-rolled stainless steel classified under the following HS codes: 7219.32.00.020, 7219.32.00.030, 7219.32.00.040, 7219.32.00.080, 7219.32.00.090, 7219.33.00.020, 7219.33.00.030, 7219.33.00.040, 7219.33.00.080, 7219.33.00.090, 7219.34.00.020, 7219.34.00.030, 7219.34.00.040, 7219.34.00.080, 7219.34.00.090, 7219.35.00.020, 7219.35.00.030, 7219.35.00.040, 7219.35.00.080, 7219.35.00.090, 7219.90.00.000, 7220.20.10.020, 7220.20.10.030, 7220.20.10.040, 7220.20.10.080, 7220.20.10.090, 7220.20.90.020, 7220.20.90.030, 7220.20.90.040, 7220.20.90.080, 7220.20.90.090, 7220.90.10.000, 7220.90.90.000.
Period of Investigation: July 1, 2023 – June 30, 2024
Pre-Initiation Period: June 30, 2023 – July 1, 2020
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Basis for Investigation:
Posco-Thainox, a major stainless steel producer in Thailand, has accused that cold-rolled stainless steel products exported from Vietnam are being dumped, with an estimated dumping margin of 10.31% of the CIF price. The Investigating Authority has found convincing evidence of material injury to Thailand’s domestic industry.
Injury Allegations:
Posco-Thainox asserts that the Thai steel industry has suffered significant harm due to the importation of cold-rolled stainless steel products from Vietnam. This harm has been evaluated based on the following:
- A substantial increase in the volume of imported steel products from Vietnam.
- The sales prices of Thai stainless steel products have been negatively affected due to competition from lower-priced imports from Vietnam.
- The production, sales, and market share of Thai steel companies have declined, leading to financial losses.
Investigation Procedure:
A questionnaire will be sent to relevant parties within 15 days of the announcement in the Royal Gazette.
Businesses that have not received the questionnaire from the Investigating Authority may submit a written request to the Department of Foreign Trade of Thailand to participate in the case and request the questionnaire within 15 days from September 26, 2024.
Interested parties have the right to submit written comments or request a direct meeting with the Department of Foreign Trade of Thailand to present their views on the anti-dumping investigation and the alleged injury within 30 days from September 26, 2024.
Contact Information:
Trade Remedies and Safeguard Measures Division,
Department of Foreign Trade, Thailand,
563 Nonthaburi Road, Bang Kraso Subdistrict, Mueang District, Nonthaburi Province, Thailand,
Postal code 11000
Phone number: 0 2557 5082
Fax number: 0 2547 474