Thailand will tax Vietnamese Steels

Thailand will tax Vietnamese Steels

02-28 31

Thailand will tax Vietnamese Steels

According to the latest report by the Vietnamese media on February 27, the relevant Thai authorities announced a notice that they decided to impose anti-dumping costs of 6.97-51.61% based on CIF amount on imported steel products investigated in Vietnam, in order to prevent the great loss threat to more manufacturing in Thailand.  In addition, the relevant Thai authorities also clearly stated that Vietnamese steel export companies should consider to participate in various verification plans to ensure the rights and interests of enterprises during the verification process carried out in Thailand.

From related documents, it's shown that Thailand's domestic steel industry is still underdeveloped. There is only one mill with blast furnace, and the rest are electric furnace steelmaking plants, mainly producing billets. However, due to the close economic exchanges between Thailand and Vietnam in the field of auto parts, Thailand has also opened the market to Vietnamese steels, but did not expect that importing steels from Vietnam has been impacting Thailand ’s steel manufacturing.


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