Korea launches anti-dumping investigation into Vietnam’s alloy steel

HCMC – The Korea Trade Commission (KTC) has decided to launch an anti-dumping investigation into alloy steel imports from Vietnam, Ukraine, and India, according to the Vietnam Competition Authority at the Ministry of Industry and Trade.

The KTC decision comes after Korean firms, including Dongbu Metal, Simpac Metalloy, and Taekyung Industrial, which manufacture and sell alloy products, sent their petitions to KTC in September this year.

This is the second time Korea has opened anti-dumping and anti-subsidy investigations into Vietnamese products, according to the Vietnam Chamber of Commerce and Industry (VCCI).

The competition authority said KTC has named one Vietnamese firm on the list of enterprises to be inspected. However, other firms that want to voluntarily join the probe can send a request to the commission.

It is expected that KTC will make a preliminary investigation in three months, starting from December 7 to March 6, and announce its official results in June.

The current stringent economic climate, along with the removal of tariff barriers thanks to the Free Trade Agreements (FTAs), has prompted many countries to launch anti-dumping and anti-subsidy probes against imports as a way to prevent risks and injuries for their local industries.

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