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Vietnam steel producers face anti dumping lawsuits

Staff Writer |
Vietnam News reported that a recent rise in anti-dumping lawsuits in the local steel industry has steelmakers worried.

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Statistics from the Viet Nam Steel Association show that in the first eight months of the year, steel exports were 41 percent higher than in the same period last year, reaching 4.5 million tonnes worth $2.99 billion.

The ASEAN region remains the biggest market for Vietnamese steel. Cambodia accounted for the largest portion of Viet Nam’s total steel exports at 34.9 percent, followed by Malaysia, Indonesia, the Philippines and Thailand. However, the association said the domestic industry faced fierce competition from imported steel and anti-dumping lawsuits from importers.

According to the Trade Remedies Authority of Viet Nam under the Ministry of Industry and Trade, the sector faced 10 such lawsuits in August. Steel has always been the most prosecuted industry with eight lawsuits per month.

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