Hanoi (VNS/VNA) - After nearly a year of investigation, Vietnam has decided to officially impose anti-dumping duties on imports of hot-rolled steel from China to protect domestic production against mounting pressure from cheap imports.
According to the latest announcement from the Ministry of Industry and Trade, anti-dumping duties on certain Chinese-origin hot-rolled steel products will range from 23.1% to 27.8%. The duties took effect on July 6 and will remain in place for five years, unless extended, adjusted or terminated in accordance with regulations.
The taxed products include flat-rolled steel or alloy steel, hot-rolled, with thickness from 1.2mm to 25.4mm and width not exceeding 1,880mm, unprocessed surfaces (not pickled, galvanised or oiled) and carbon content not exceeding 0.3%. Goods such as stainless steel or hot-rolled plate steel are excluded from the scope of the duties.
In July 2024, the ministry launched an anti-dumping investigation into hot-rolled steel from China and India after receiving a petition from Hoa Phat Dung Quat Steel Company and Hung Nghiep Formosa Ha Tinh Steel Corporation - two enterprises representing the domestic industry. The investigation period was set from July 1, 2023 to June 30, 2024.
During the review, the investigating agency coordinated with relevant units to assess the impact of dumping on the domestic steel industry, while determining the dumping margins of producers and exporters from both countries.
The findings showed that although dumping practices existed among Indian exporters, the proportion of imports from India was too low (under 3%), failing to meet the threshold for trade defence measures under the Law on Foreign Trade Management. Therefore, Indian products were excluded from the scope of the duties.
Before the official imposition in February 2025, the ministry applied provisional anti-dumping duties on certain Chinese hot-rolled steel products, ranging from 19.3% to 27.8%, effective from March 2025, to curb the rapid surge of imports causing serious harm to the domestic industry./.
VNA
