VnExpress reported that the Indonesian Anti-dumping Committee has concluded on February 17 that Vietnam is dumping cold rolled steel following a 16 month long investigation. Indonesia will apply anti-dumping duties of 3.01-49.2% on imports from Vietnam. But some major exporters are set to get away with low duties. Hoa Sen Group will pay 5.34% and Ton Dong A Corporation will pay 3.01%.
The Trade Remedies Authority of Vietnam said it has been informed by the committee that Vietnamese and Chinese cold rolled steel are being imported into Indonesia at a price lower than in those countries, hurting domestic companies. Immediately Trade Remedies Authority of Vietnam sent a letter objecting to some unreasonable aspects of the preliminary conclusion.
In August 2019, the Indonesian committee announced it was opening the anti-dumping investigation. In July last year, it made a preliminary conclusion that the item under investigation was indeed being dumped.