Vietnam has imposed definitive anti-dumping duties on hot-rolled steel products from China

Vietnam has imposed anti-dumping duties ranging from 23.10% to 27.83% on certain hot-rolled steel products originating in China following the expiry of a similar temporary tariff. This was announced in a statement by the country’s Ministry of Industry and Trade.

The duties, which came into effect on July 6, will apply for five years.

In March of this year, the relevant agency introduced a similar temporary anti-dumping duty, which was in effect for 120 days.

Among the companies subject to the 27.83% duty is Baoshan Iron & Steel. In addition, Guangxi Liuzhou will face a 23.1% duty, which is higher than the March rate for this company of 19.38%.

At the same time, the ministry has terminated its investigation into the application of anti-dumping measures on certain hot-rolled steel products originating in India.

As noted, the final conclusion of the investigation is as follows: there was dumping of imported goods under investigation from China and India. The volume of the relevant products from India during the investigation period was insignificant (less than 3%) compared to the total volume of supplies from abroad. At the same time, there was a correlation between the import of dumped goods from China and the damage caused to the local manufacturing industry.

Vietnam launched an anti-dumping investigation in July 2024 following complaints from Vietnamese producers.

As GMK Center reported earlier, Taiwan imposed provisional anti-dumping duties on certain types of hot-rolled flat products from China for a period of four months. They came into effect on July 3 of this year. For Baoshan Steel, Baogang Zhanjiang, and Shanghai Meishan Steel and their affiliated manufacturers, the duty rate is set at 16.9%, while for other exporters and companies, it will be 20.15%.