Thailand Proposes Tougher Anti-Dumping Duties on Vietnamese Steel
Thailand's Department of Foreign Trade (DFT) has proposed extending anti-dumping duties on cold-rolled carbon steel imported from Vietnam. The move comes after a sunset review found that the Thai steel industry was hit by duty timber, with imports of ZAM steel from China surging in 2024.
The DFT warned that lifting the duties could lead to renewed dumping and damage to Thailand's domestic steel industry. The proposed extension is for another five years, with duties increasing from 4.22 per cent to 20.11 per cent of CIF value. If evidence of circumvention through ZAM imports is found, companies may seek an anti-circumvention investigation. The Trade Remedies Authority of Vietnam has called on steel producers and exporters to prepare for potential anti-circumvention measures. However, the name of the authority responsible for monitoring these measures remains unclear, as no search results were found.
Thailand's DFT has proposed extending and strengthening anti-dumping duties on Vietnamese steel imports to protect its domestic industry from circumvention. The move follows a review that found increased imports of ZAM steel from China. While the Vietnamese authorities have been notified, the specific agency responsible for anti-circumvention measures is yet to be identified.
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