Vietnam's Ministry of Industry and Trade (MOIT) has announced that it has launched a safeguard investigation on steel billets and bars imported into Vietnam, particularly from China.
The safeguard investigation was initiated upon a complaint filed by Hoa Phat Steel JSC, Southern Steel Corp., Thai Nguyen Iron and Steel JSC and Vietnam Italy Steel, claiming that these imports have caused injury to the domestic industry. The companies demanded that 45 percent and 33 percent duties be imposed for imports of steel billets and bars, respectively.
The products in question currently fall under Customs Tariff Statistics Position Numbers 7207.11.00, 7207.19.00, 7207.20.29, 7207.20.99, 7224.90.00, 7213.10.00, 7213.91.20, 7214.20.31, 7214.20.41, 7227.90.00, 7228.30.10, and 9811.00.00.