Vietnam Iron and Steel Export Suffer Anti-Dumping Measures

Abstract: Last Friday Xinhua News Agency cited Vietnamese local media report, since mid-July to early August, iron and steel products made in Vietnam suffered 8 trade measures in the world.

Last Friday Xinhua News Agency cited Vietnamese local media report, since mid-July to early August, iron and steel products made in Vietnam suffered 8 trade measures globally.

According to Vietnamese local newspaper, Vietnam News, which is cited from the Vietnam Chamber of Commerce and Industry, in the past two years, Vietnamese products have been subject to 78 anti-dumping measures under other countries, among which 37 ones were relevant to iron products, reaching up to 47.4%.

The Vietnam Steel Association said due to global trade protectionism, Vietnam iron products have become anti-dumping target of each International market without exception, exerting a direct Influence on Vietnamese export.

Based on the Vietnam Steel Association’s data, in the early ten months this years, Vietnam crude steel output was 20 million tons, rising 17.7% year-on-year; iron and steel products sales volume reached 18 million tons, up 27.7% greatly year on year, of which export took account 3.9 million, up 31.6%.