The European Commission has exempted a Vietnamese supplier from EU countervailing duties on stainless steel cold-rolled flat products, Kallanish reports. This exemption applies to Lam Khang Joint Stock Company, as no evidence was found that its products benefited from subsidies. Duties previously imposed on imports from Lam Khang will be refunded, with the amendment taking effect from 18 December 2024 and retroactively applicable to shipments since 8 May 2024.
Background on Duties
The EU had previously imposed countervailing duties on stainless steel cold-rolled flat products originating from Indonesia, Taiwan, Turkey, and Vietnam. While Lam Khang received an exemption, requests from Trinox Metal Sanayi ve Ticaret A.Ş. (Turkey) and Yongjin Metal Technology (Vietnam) were rejected.
CN Codes and Affected Products
The definitive EU countervailing duties apply to the following CN codes:
7219 31 00, 7219 32 10, 7219 32 90, 7219 33 10, 7219 33 90, 7219 34 10, 7219 34 90, 7219 35 10, 7219 35 90, 7219 90 20, 7219 90 80, 7220 20 21, 7220 20 29, 7220 20 41, 7220 20 49, 7220 20 81, 7220 20 89, 7220 90 20, and 7220 90 80.
Producers Granted Exemptions
The following companies have been granted exemptions from EU countervailing duties:
- Chia Far Industrial Factory Co., Ltd.
- Tang Eng Iron Works Co., Ltd.
- Tung Mung Development Co., Ltd.
- Walsin Lihwa Corporation
- Yieh United Steel Corporation
- Yuan Long Stainless Steel Corp.
- Posco Assan TST Celik Sanayi A.Ş.
- Posco VST Co., Ltd.
- Lam Khang Joint Stock Company
This decision reflects the EU’s tailored approach to addressing trade imbalances while ensuring fair competition in the stainless steel market.
