Miti finishes anti-dumping investigation on pre-painted steel coils from China, Vietnam

Friday, 22 January 2016 | MYT 5:39 PM

All producers and exporters of pre-painted, painted or colour-coated steel coils from China were imposed anti-dumping duties of 52.1%. The Reuters 2013 file photo shows piles of steel coils for export at a port in Yingkou, Liaoning province, China.

All producers and exporters of pre-painted, painted or colour-coated steel coils from China were imposed anti-dumping duties of 52.1%. The Reuters 2013 file photo shows piles of steel coils for export at a port in Yingkou, Liaoning province, China.

KUALA LUMPUR: The International Trade and Industry Ministry (Miti) has completed the anti-dumping investigation on the imports of pre-painted steel coils from China and Vietnam.

In a statement on Friday, it said the detailed investigation on producers and importers in Malaysia, as well as producers/exporters from the two countries,  was in accordance with the countervailing and Anti-dumping Duties Act, 1993.

The investigation was on pre-painted, painted or colour-coated steel coils (PPCCSC) from the alleged countries.

A petition was filed by FIW Steel Sdn Bhd on behalf of the domestic industry producing PPCCSC, who alleged the Chinese and Vietnamese imports were cheaper than the selling price in the domestic market of the alleged countries.

All producers and exporters from China were imposed anti-dumping duties of 52.1%, Vietnam’s Maruichi Sun Steel Joint Stock Company (12.06%), NS Bluescope Vietnam Ltd (34.85%), other producers/exporters (34.85%) while Nam Kim Steel Joint Stock Company is not eligible for any anti-dumping duties.

“The Royal Malaysian Customs will enforce the collection of anti-dumping duties and this measure will be effective for five years, from Jan 24, 2016.

“With the imposition of anti-dumping duties on imports of PPCCSC from the alleged countries, it is expected that the issue of unfair trade practices will be addressed,” Miti said.

Interested parties can have access to the non-confidential version of the public report on the final determination by submitting a written request to Miti. – Bernama.

For Malaysian Importers: IMPORT PPGI/PPGL FROM NAM KIM STEEL VIETNAM WITH 0% TAX DUTY

Source: www.thestar.com.my

ANTI DUMPING CORROSION-RESISTANT STEEL IN US MARKET

ANTI DUMPING CORROSION-RESISTANT STEEL IN US MARKET –  Ind., Nov. 4, 2015 /PRNewswire/ — Steel Dynamics, Inc. (NASDAQ/GS: STLD) commented that the company is very pleased with yesterday’s announcement by the Department of Commerce (DOC) concerning preliminary countervailing duties against imports of corrosion-resistant steel from China and also accepting of the findings related to India and Italy.  The company had anticipated minimal results for Taiwan and Korea.

The company produces corrosion-resistant steel including hot-dipped galvanized, Galvalume®, and painted steel at two facilities located in Indiana, one facility located in Mississippi and three facilities located in Pennsylvania.  Steel Dynamics is the largest non-automotive producer of galvanized flat roll steel in the United States.  The product is used in many construction applications, automotive parts and numerous consumer products.

The DOC found subsidy rates ranging from 26% to 236% against imports from China, the biggest source of corrosion-resistant steel imports into the United States in 2014. The Chinese companies with 236% duties will also have these duties applied retroactively by 90 days because of a preliminary affirmative critical circumstances finding by the DOC as the result of recent import surges from China.

Imports from India, the third largest source of U.S. corrosion-resistant steel imports in 2014, were subjected to subsidy findings of 2.85% to 7.7%.  One of the largest Italian producers was given a subsidy rate of 38.4% and was also subject to retroactive duty assessment under critical circumstances.   Not unexpected, Korea, the fourth largest source of corrosion-resistant steel imports in 2014, was given negligible subsidy findings and Taiwan, the second largest, received no subsidy findings.

The DOC will finalize its subsidy findings by the end of January 2016, unless the petitioners request an alignment of the subsidy final determinations with final antidumping duty determinations. That decision has not yet been made. The DOC will issue preliminary antidumping determinations against these same five countries on December 22, 2015. On Friday, October 30, the Department made preliminary critical circumstances findings based upon import surges from China, Korea and Taiwan.

Total 2014 corrosion-resistant flat roll steel imports from these five countries were $2.2 billion, representing more than 50% of total 2014 corrosion-resistant steel imports.  For these duties to eventually go into effect, the International Trade Commission will need to make affirmative determinations of injury or threat of injury in 2016.

About Steel Dynamics talking antidumping for us market

Steel Dynamics, Inc. is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with annual sales of $8.8 billion in 2014, approximately 7,600 employees, and manufacturing facilities primarily located throughout the United States (including six steel mills, eight steel coating facilities, an iron production facility, approximately 80 metals recycling locations and eight steel fabrication plants).

Forward-Looking Statement for anti dumping us market

This press release contains some predictive statements about future events, including statements related to conditions in the steel and metallic scrap markets, Steel Dynamics’ revenues, costs of purchased materials, future profitability and earnings, and the operation of new or existing facilities. These statements are intended to be made as “forward-looking,” subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date, concerning our businesses and the environments in which they operate. Such predictive statements are not guarantees of future performance, and we undertake no duty to update or revise any such statements. Some factors that could cause such forward-looking statements to turn out differently than anticipated include: (1) the effects of uncertain economic conditions; (2) cyclical and changing industrial demand; (3) changes in conditions in any of the steel or scrap-consuming sectors of the economy which affect demand for our products, including the strength of the non-residential and residential construction, automotive, appliance, pipe and tube, and other steel-consuming industries; (4) fluctuations in the cost of key raw materials (including steel scrap, iron units, and energy costs) and our ability to pass-on any cost increases; (5) the impact of domestic and foreign import price competition; (6) unanticipated difficulties in integrating or starting up new or acquired businesses; (7) risks and uncertainties involving product and/or technology development; and (8) occurrences of unexpected plant outages or equipment failures.

More specifically, we refer you to SDI’s more detailed explanation of these and other factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual Report on Form 10-K, in our quarterly reports on Form 10-Q or in other reports which we from time to time file with the Securities and Exchange Commission. These are available publicly on the SEC website, www.sec.gov, and on the Steel Dynamics website, www.steeldynamics.com.

SOURCE Steel Dynamics, Inc.

Solution for Anti dumping coated steel coil in USA

What is the solution for Anti dumping coated steel coil in US market ?

What is the anti dumping ?

Dumping is said to occur when the goods are exported by a country to another country at a price lower than its normal value. This is an unfair trade practice which can have a distortive effect on international trade. Anti dumping is a measure to rectify the situation arising out of the dumping of goods and its trade distortive effect. Thus, the purpose of anti dumping duty is to rectify the trade distortive effect of dumping and re-establish fair trade. The use of anti dumping measure as an instrument of fair competition is permitted by the WTO. In fact, anti dumping is an instrument for ensuring fair trade and is not a measure of protection per se for the domestic industry. It provides relief to the domestic industry against the injury caused by dumping.

What happen is in US market right now?

a. The steel is slow down

China mil is exporting to US market around 2Milion tons Mts/year. What will happen if they are applied anti dumping ? So they need to down the price to push the US customers buying their product and the  China goverment support exporting by currency so once again the price is down. BUT this is very risk for US mil steel because what happen AD apply while the product are shipping? US mil steel will be charge import tax around 100%.

b. The mil steel in US is worry about the supplier when Anti dumping apply.

Many mil steel in US are worry about the anti dumping apply, they do not have any suppliers to import. And the market will be explosive the price.

What is the solution for US mil steel?

 a) Market Analysis/trend as per perspective’s view

Since the coated products AD case has filed against China, India, Italy, Taiwan, and Korea, traders or end-users
in US have stretched its buying sources competitively throughout the globe.  As a result, the below countries
have been identified as a possible new source as followings;
 

  Vietnam – There are 8 Re-Rollers in the country and most of US traders are coming in and pretty sure all of the re-rollers are busy to accommodate or provide them some hospitalities as well in hope of
expanding its market share in the US. ( I will explain it more in depth of Vietnam mills’ Pros & Cons
later paragraphs)


Brazil – Not the best option as of yet for its delivery issue. Price are competitive with a bit of lack of its quality.


Japan – Although there is possibility to import but there is very few selected mills that are willing to expand its products to the US market. Quality is there but price is not competitive. Look out the
Japanese currency situation which is pretty weak but how long it will be sustaining it….

b) What is the best solution for US mill steel when Anti dumping applying,

As the analysis you can give the decision on yourself. If you want to know more about Vietnam steel market I will update more information in this blog or you can contact directly to me as below:

Mr. Van Loc
Export Dept – US market
———————————
Tel/whatsapp/line: +84 938 162 934
NAM KIM STEEL JSC
Road N1, An Thanh Production Area, Thuan An District,
Binh Duong Province, Vietnam.

Mexico seeks antidumping duties on steel from China, Russia

Mexico has extended antidumping duties on Chinese carbon steel fittings, according to an economy ministry resolution published in the official gazette.
The duties were first imposed in 2004 at 81%, before being revised to US$2.07/kg in 2006 and then to US$1.05/kg in 2011.
Following a sunset review, required every five years under WTO rules, the economy ministry extended the duties for a further five years at US$1.05/kg, after an expression of interest by Tubos de Acero de México (TAMSA).
COLD-ROLLED SHEET
Mexico’s economy ministry also extended antidumping duties on cold-rolled steel sheet imports from Russia and Kazakhstan.
The duties, imposed in 1999, will continue for five years at 15% for Russian imports and 22% for those from Kazakhstan, following an expression of interest from steelmaker Ternium México.
Dumping is a key threat to Mexican steelmakers, with China and Russia seen as among the biggest offenders.
Rising low-cost imports and falling steel prices, linked to Chinese overcapacity, has led Mexican producers to cut production and shed 10,000 jobs, with Altos Hornos de México (Ahmsa), DeAcero and ArcelorMittal warning of afurther 7,000 job losses unless import tariffs are imposed.
Chinese steel imports to Latin America increased 26% year-on-year in April to 822,000t, according to regional association Alacero.

Antidumping rates on painted steel coils from China, Vietnam

Antidumping rates on painted steel coils (PPGI/PPGL) from China, Vietnam.

Malaysian government will impose provisional anti-dumping duties of between 5.68% and 52.10% on imports of prepainted, painted or colour coated steel coils (PPGI/PPGL) from China and Vietnam.

The decision was made after a preliminary probe, which was completed under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993, found that there is sufficient evidence to continue with further investigation on the imports of PPCCSC from China and Vietnam.

The government has therefore decided to impose a provisional measure, which will be in the form of provisional anti-dumping duties guaranteed by a security equivalent to the amount of the dumping margin determined in the preliminary investigation.

The Ministry of International Trade and Industry said in a statement that the implementation of anti-dumping duties will be effective not more than 120 days from the date of the government gazette.

“Based on the findings of the investigation, a final determination will be made no later than Jan 23, 2016,” it added.

The government had on April 28 initiated an anti-dumping probe based on a petition filed by FIW Steel Sdn Bhd on behalf of the local industry.

With final AD result, only Nam Kim Steel Vietnam can offer PPGI/PPGL to Malaysia with import rate 0%.

If you are Malaysian Importers of painted steel coils (PPGI/PPGL), please consider this solution:

IMPORT PAINTED STEEL COILS RATE 0% FROM NAM KIM STEEL VIETNAM

Source: www.thesundaily.my

Malaysia antidumping cold rolled steel coils imported from Vietnam

Malaysia seeks antidumping cold rolled steel coils imported from Vietnam.

The Malaysian Ministry of International Trade and Industry (MITI) has commenced an anti-dumping investigation on cold rolled steel coils imported from Vietnam, China and the Republic of Korea (RoK).

The Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade said that CSC Steel Sdn. Bhd is the plaintiff of the case.

According to statistics, Malaysia imported around 151,000 tonnes of steel worth US$110 million from Vietnam in 2014.

The VCA urged relevant businesses to closely cooperate with the MITI to respond to all investigated queries.

Source: http://www.vir.com.vn

HOW TO IMPORT STEEL COIL FROM VIETNAM NO ANTIDUMPING?

Malaysia antidumping prepainted steel coils from China and Vietnam

Malaysia seeks antidumping prepainted steel coils from China and Vietnam.

The Government of Malaysia has received a petition from a domestic producer for the imposition of anti-dumping duty on imports of Pre-painted / Painted / Colour Coated Steel Coils on 30 March 2015. The petitioner alleged that imports of Pre-Painted / Painted / Colour Coated Steel Coils originating in, or exported from, the People’s Republic of China and the Socialist Republic of Viet Nam are being dumped into Malaysia at a price much lower than the price in the domestic market of the alleged countries and that this is causing material injury to the domestic industry in Malaysia. 

The Petitioner further claimed that imports from the alleged countries have increased in terms of absolute quantity and that the Petitioner suffered material injury. The Government has determined that there is sufficient evidence of dumping, injury and causal link. The Government has therefore decided to initiate a preliminary investigation on imports of Pre-painted / Painted / Colour Coated Steel Coils from these countries.

In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and its related Regulations, a preliminary determination will be made within 120 days from the date of initiation. If the final determination is affirmative, the Government will impose an anti-dumping duty at the rate that is necessary to prevent further injury.

In connection with this investigation, MITI will provide a set of questionnaire to the interested parties (importers, foreign producers, exporters and associations). Other interested parties may request for the questionnaires no later than 14 May 2015. Interested parties may also provide additional supporting evidence to MITI on, or before,

28 May 2015. In the event no additional information is received within the specified period, the Government will make its preliminary findings based on the available facts.

Source: http://www.miti.gov.my

SOLUTION: IMPORT PPGI/PPGL STEEL COIL FROM NAM KIM STEEL VIETNAM FOR 0% RATE