|22 Aug 2019||Review|
|02 Aug 2016||Definitive duty|
|22 Mar 2016||Preliminary duty|
|15 Dec 2015||Initiation|
ANNOUNCED AS TEMPORARYNo
On 25 December 2015, the Viet Nam Competition Authority initiated a safeguard investigation on imports of semi-finished and certain finished products of alloy and non-alloy steel. The products subject to investigation are classified under the following HS code: 7207.11.00, 7207.19.00, 7207.20.29, 7207.20.99, 7224.90.00, 7213.10.00, 7213.91.20, 7214.20.31, 7214.20.41, 7227.90.00, 7228.30.10 and 9811.00.00. This follows the application lodged on 15 December 2015 by 04 companies.
On 22 March 2016, the Vietnamese authorities imposed a provisional safeguard duty on imports of above steel products. The rate of the duty is 23.3% on certain steel billets and 14.2% on certain long steel products. This measure remains in force for a period not exceeding 200 days.
On 2 August 2016, the Vietnamese authorities imposed a definitive safeguard duty on imports of above steel products. The rate of the duty on certain iron or non-alloy products is 23.3% from 22 March 2016 (the above provisional safeguard duty continued as a definitive duty) for one year, 21.3% from 22 March 2017 for one year, 19.3% from 22 March 2018 for one year and 17.3% from 22 March 2019 for one year. The products subject to this duty fall under the following HS codes: 7207.11.00; 7207.19.00; 7207.20.29, 7207.20.99; 7224.90.00.
The rate of the duty on bars and rods of iron or non-alloy is 14.2% from 22 March 2016 to 1 August 2016 (the above provisional safeguard duty), 15.4% from 2 August 2016 to 21 March 2017, 13.9% from 22 March 2018 for one year, 12.4% from 22 from 22 March 2019 for one year and 10.9% from 22 March 2019 for one year. The products subject to this duty fall under the following HS codes: 7213.10.00; 7213.91.20; 7214.20.31; 7214.20.41; 2727.90.00; 7228.30.10; 9811.00.00.
Both safeguard duties expire on 22 March 2020, if not further extended.
On 22 August 2019, the Vietnamese authorities initiated a sunset review of the safeguard duty imposed on imports of semi-finished and certain finished products of alloy and non-alloy steel. This follows the application lodged on by Hoa Phat Hai Duong Steel Joint Stock Company, VNSteel - Southern Steel Company Limited, Vicasa Steel Joint Stock Company - VnSteel, and Thu Duc Steel JSC.
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