Antidumping Investigation on Cold Rolled Steel from Vietnam
Cold rolled steel from Vietnam is the new antidumping investigation launched by the Mexican Ministry of Economy. On July 28th, 2022, the Ministry of Economy published the Notice of Initiation Cold Rolled Steel From Vietnam.
Product under Investigation: Cold-Rolled Steel
Cold rolled sheet, alloyed or unalloyed, not plated or coated, of a thickness of less than 3 millimeters (mm), regardless of the width, including both widths less than and equal to or greater than 600 mm. The product under investigation can be offered, among other presentations, in the form of coils, sheets, strips, strips or tapes. The product under investigation includes both raw cold-rolled sheet and annealed cold-rolled sheet. In the international market, it is known as Cold Rolled Steel.
The product enters the domestic market through tariff items 7209.16.01, 7209.17.01, 7209.18.01, 7209.26.01, 7209.27.01, 7209.28.01, 7209.90.99, 7211.23.03, 7211.29.99, 7211. 90.99, 7225.50.07 and 7226.92.06 of the Mexican Tariff Schedule, including the «Eighth Rule» through sections 9802.00.01, 9802.00.02, 9802.00.03, 9802.00.07, 9802.00.13, 9802.00.15 and 9802.00.19.
Preliminary Antidumping Determination
On September 13, 2023, the Ministry of Economy published the Preliminary Determination in the antidumping investigation on imports of cold rolled steel. Specifically, the Ministry of Economy considered that it has sufficient elements to provisionally determine the existence of dumping and injury to the domestic industry. In addition, the authority imposed the following provisional antidumping duties:
Among the most important aspects, the Ministry of Economy determined that the Vietnamese cold rolled steel industry has a special market situation. In particular, the Ministry considered that the production and prices in the Vietnamese market of this industry are distorted and it is not possible to use them in this antidumping investigation.
Consequently, the Ministry of Economy made a reconstruction of the normal value of this product. Based on such reconstructed normal value, the authority compared the prices of the sales in Vietnam and the export sales to Mexico. On that basis, the Ministry preliminarily determined the existence of dumping and imposed antidumping duties. Moreover, the antidumping are applicable to definitive imports, as well as temporal imports such as those of the IMMEX program.
Currently, VTZ represents the only two Vietnamese companies that obtained specific antidumping duties: Hoa Phat Steel Sheet Co., Ltd. and Posco Vietnam Co., Ltd.
To learn about some of the other specific aspects of this antidumping investigation, below we share with you information about the period of investigation and the period of analysis:
Analyzed period (Injury)
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Investigated period (Dumping)
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Need more information?
VTZ is a firm specialized in International Trade and Customs and IMMEX with a team with extensive experience in antidumping investigations, contact our members today:
Adrian Vazquez
Managing Partner
Emilio Arteaga
Jr. Partner
Veronica Vazquez
Partner
Gilberto Mejía
Associate
