Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Vietnamese government has appealed to the Philippines’ Tariff Commission to exclude Vietnam-based companies from three safeguard investigations pertaining to metal product imports, according to media reports. 


The imports under investigation include aluminum-zinc sheets, coils and strips; pre-painted galvanized iron and pre-painted aluminium zinc and galvanized iron sheets, coils & strips.


Vietnamese Trade Remedies Authority states that the Philippines should act in accordance to the World Trade Organisation (WTO) norms levied for such anti-dumping investigations. This, especially since Vietnam’s exports to the country were not considerable and were eligible for exclusion from such measures, as per WTO rules.  


The economy in Vietnam is already subjected to COVID-19 stress. Adding to the woes of the country’s steel industry are anti-dumping duties levied by many countries.  


Duties and investigations against Vietnamese exports in 2020

FebruaryThailandIron steel piles originating or imported from Vietnam6.97-51.61pc
MarchMalaysiaInitiation of investigation on galvanised steelDumping margin of up to 39.27pc
MarchCanadaCorrosion-resistant steel36.3-91.8pc
MarchAustraliaInitiation of investigation on steel pipes

Tax evasion investigation into stainless steel 

sheet products imports from Vietnam

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