Vietnam’s Ministry of Industry and Trade has announced it will impose anti-dumping duties on stainless steel imports after an investigation conducted at the request of local producers. The duties will be imposed specifically on cold rolled stainless steel products.
The decision will take effect on October 5 leveling taxes of 3.07-39.29 percent on exporters of cold rolled stainless steel products in China, Indonesia, Malaysia and Taiwan, according to a statement on the ministry’s website.
These are Vietnam’s first tariffs on stainless steel, MetalMiner remains ever-vigilant and Always On Dump Watch.
With a decline of 4.5 percent to INR 1,150 ($18.90) per kilogram on Thursday, September 11, the cash price of primary Indian nickel recorded the biggest decline of the day. At $18,625 per metric ton, the 3-month price of nickel on the LME was down 3.6 percent from the previous market day. A $680.00 decline in the nickel spot price on the LME left the price at $18,545 per metric ton.
Chinese stainless steel prices were flat for the day. The price of Chinese ferro-chrome remained essentially flat at CNY 8,300 ($1,354) per metric ton. The price of Chinese ferro-moly continues hovering around CNY 145,000 ($23,654) per metric ton for the fifth day in a row.
The Allegheny Ludlum 316 stainless surcharge remained essentially flat at $1.26 per pound. The price of Chinese 316 stainless coil was unchanged at CNY 26,000 ($4,241) per metric ton. The price of Chinese 304 stainless coil saw essentially no change for the fifth day in a row, remaining around CNY 16,400 ($2,675) per metric ton. The price of Chinese 316 stainless steel scrap held steady at CNY 16,100 ($2,626) per metric ton. For the fifth day in a row, the price of Chinese 304 stainless steel scrap remained essentially flat at CNY 16,400 ($2,675) per metric ton.