21-06-2013 16:45:42Nearly 50 companies producing stainless steel products from exercise signed application sent to the Minister of Industry and Trade, Minister of Finance, VCCI and departments, board the "call for help" at risk must buy raw materials prices high due to anti-dumping lawsuit that Posco VST applicants.
In urgent petition sent to the authorities in the past, can see many familiar names in the manufacturing of stainless steel products like Ever Force, East Asia, the Trust, Son Ha, ranked Hammock Tien Thanh ...
That petition signer 50 companies to the Ministry of Industry and Trade, Ministry of Finance, VCCI
The companies signed a petition in the name of this unit is the import of stainless steel, hot-rolled, cold-rolled from many different markets such as Finland, India, Brazil, Japan, China, Indonesia, Malaysia ... with item codes 200, 300, 400 to produce consumer products, industrial and defense.
In the application, the risk of blocked doors imported quality materials at reasonable prices, the companies have suggested the authorities, in particular the Minister of Trade and Industry "research, consider a carefully "to initiate investigations to apply anti-dumping measures that Posco VST Inox Hoa Binh and lawsuits.
In 7 of that community businesses raised about the implications for the stainless steel market in VN is worth noting that the Posco VST Inox Hoa Binh and does not meet all the stainless steels which have market demand the risk of rising raw material prices, rising investment rates, loss of domestic market and non-competitive in the export market ...
In particular, the Posco VST and stand Inox Hoa Binh petition dumping signs to be considered market manipulation, creating monopolistic market manipulation group for material cold rolled stainless steel in the country.
Also, according to analysts, the Posco VST and Peace stainless steel dominate the market, so the anti-dumping duties can help the two companies began pushing up prices because there is no equal competition, consequently companies using cold-rolled steel material and the consumer are affected.
In exchange for AP Reporter, Mr. Dam Quang Hung - Deputy General Director of Son Ha International Joint Stock Company, said: "We are the biggest customers of Posco VST, annually buy about 8000-9000 tons of stainless steel type with values up to 25-30 million. But Posco's materials only meet 30% of demand, Son Ha still must be imported because many of Posco code does not produce or do not produce enough ".
Posco VST factory new staff since late 2012 and is not yet fully meet domestic demand
Hung said that many of the products do not meet quality Posco VST as unstable surface, puncturing the surface, scratches or deformation when processing ... and so far the company has yet to find the cause.
On the other hand, the price of Posco VST product is more expensive than the product of the same category of many foreign companies, which are due to Mr. Hung for Posco VST has to go into production, power punches and line rate large depreciation rather than foreign dumping.
"In countries where Posco VST 4 Peace Stainless and lawsuits, including China, Indonesia, Malaysia is 0% import tax, so the DN VN does not have the motivation to claim export partner discounts on bills for get the tax benefit it. In addition, steel orders are large orders, up to tens of millions of dollars, so if the discount on the bill in addition to handling the cash bill like? If dumping partners, so they sell at a loss what to do with them because nobody compensation where government subsidy for the industry, "Hung said.
Previously, Mr. Nguyen Xuan Phu - Sunhouse Chairman also said that if the investigation initiated this lawsuit, the policy makers will probably "2 he protected his kills 100." "Apply 10% import duty on basic commodities such as raw materials, cold-rolled stainless steel has caused many difficulties for businesses in the current context. If for one, two companies that cause a corollary to the industry, including hundreds of manufacturing enterprises is very good thought, "said Phu comment.
According to many companies, with the Peace has not come in stainless steel production units benefit most here is Posco VST. "Pursuant to win this lawsuit is not enough for me, but in accordance with the process initiated investigation lasted about a year, authorities will implement temporary tax of 20% or more, and the tax That's enough to store all the export sales in VN market. Then, despite losing matter, Posco VST strong enough to dominate the market and rival little chance of turning back, "said an enterprise leader.
Like the majority of other businesses, he said if a few years later, Posco VST products meet the quantity, quality and reasonable price, they are willing to buy Posco. However, many companies are concerned that the current supply of Posco VST and temporary duty during the investigation was initiated enough to "knock out" quite a lot of companies producing stainless steel material used in the critical period This common problem.
"As proposed, we hope that the Minister of Trade and Industry to consider carefully and fully understand the basis before deciding to initiate investigation or not. By simply initiating investigations and temporary duty, no matter how the outcome, it inadvertently helped Posco VST market manipulation and promote the industry to the brink of a "leader emphasizes DN.
Last May 5/2013, the Competition Administration Department (Ministry of Trade and Industry) has received notice of the records Posco VST (Posco VST) and Inox Hoa Binh Corporation (Inox Hoa Binh), requires that investigation and application of anti-dumping measures on stainless steel cold-rolled imported into Vietnam from 4 countries and regions: China, Taiwan, Malaysia and Indonesia. Of these, the import tariff from China, Malaysia and Indonesia was 0%.
As a rule, within 60 days from the date of receipt of complete and valid application, the Minister of Industry and Trade will decide whether or not to initiate this investigation.
The reason that these two units sued anti-dumping duty from 20% to 40% is because that import prices from 4 stainless steel on the market with prices much lower than similar products in the country, to the extent 25%.
The two companies also import data resulted in the 3 years from 2009 to 2011 to show that VN stainless steel are overshadowed by rival exporters. Specifically, Stainless Steel and Posco VST Peace said stainless steel imports up by 34% in 3 years.
However, it should be noted that in this year, there was no Peace stainless steel products sold in the market, while Posco VST been running since late 2012. Therefore, domestic supply is very limited compared to the needs. In addition, since the increase in import tariffs by 10%, power import from Taiwan slumped, domestic enterprises only attach to source raw materials from China, Malaysia, Indonesia, Thailand, in addition to Posco VST buy products.
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