The steel industry in Vietnam is facing multiple lawsuits about steel dumping from countries including the US, Canada, Australia, Indonesia and the European Union (EU), despite only exporting 15% and 10% of its annual production. Industry analysts said the country is caught up in anti-dumping disputes when steel products are suspected to have originated in China, and said Vietnamese exporters should cooperate fully with foreign investigators to demonstrate the origins of their products. The US and EU are the country's largest export market and account for less than 10% of exports, respectively.
The steel industry in Vietnam is facing multiple lawsuits about steel dumping from countries including the US, Canada, Australia, Indonesia and the European Union (EU), despite only exporting less than 10% of its annual production. Industry analysts said the country is caught up in anti-dumping disputes when steel products are suspected to have originated in China, and said Vietnamese exporters should cooperate fully with foreign investigators to demonstrate the origins of their products. The US and EU are the country's largest export market and account for 15% and 10% of exports, respectively.