 "Aluminium scrap")
Vietnam on Tuesday decided to keep anti-dumping duty on aluminium from China.
The Ministry of Industry and Trade has decided to continue imposing anti-dumping duties on certain aluminium products originating from China with a tax rate from 4.39 per cent to 35.58 per cent after carrying out the first review, reported VietNam News.
Earlier on September 28 last year, the Ministry had issued a decision to impose anti-dumping duties on some aluminium products originating from China with a rate from 2.49 per cent to 35.58 per cent.
The Ministry initiated the investigation into the anti-dumping case in January 2019 and found that it has hit the domestic aluminium industry.
Specifically, most domestic producers suffered losses, many production lines had to stop operating and a large number of workers lost jobs due to dumping of aluminium products originating from China at margins of 2.49 per cent to 35.58 per cent, reported VietNam News.
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In mid-2020, the Ministry received an inquiry to conduct the first review on anti-dumping duties on Chinese aluminium products.
After the review, the ministry issued a decision on April 20 this year which took effect five days later to continue levying anti-dumping duty on some aluminium products originating from China, reported VietNam News.
On the same day, the ministry also issued a decision after carrying out the first review about the imposition of anti-dumping duty on some painted flat-rolled alloy and non-alloy steel products originating from China and the Republic of Korea.
Accordingly, the anti-dumping duties of 2.56 per cent to 34.27 per cent were imposed, reported VietNam News.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
