Also according to information in the profile, the volume of domestic sales of steel products manufacturing industry in the country increased from 5-10% in 2015, while the volume of goods imports increased from 150-160% in the same period. 4 the business filing said that this made the serious decline of market share of the domestic steel industry, affect the business situation, profit ...Therefore, the plaintiff suggested industry apply temporary safeguard tariffs 45% for billet and 33% for long steel products manufactured from imported steel ingots, irrespective of the country of export in the period 200 days to defuse the difficult for plaintiffs and ensure the competitiveness of the long steel and billet products manufactured in the country.After reviewing the record, the Ministry of industry and trade has confirmed that the petition is sufficient and valid under the provisions of the law. Minister of industry and trade, signed the decision No. 14296/QD-BCT of the investigation imposed safeguard measures against steel and steel long products imported into Vietnam.According to Vietnam Steel Association (VSA), the scale of China's steel industry is too large should be forced to consume by promoting exports and this phenomenon not only cause difficulties for Vietnam that for the whole of the EU.Based on the supply and demand situation of steel in the world, VSA that steel prices building in 2016 would be likely to move up, because excess are too compared to bridges and large steel producing countries such as China are still perform the export policy. VSA also suggested that domestic steel business is closely linked to increasing competitiveness, protecting domestic production before the encroachment of imported goods.
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