Vietnam revises provisional anti-dumping duties on hot-rolled steel from China

Protective measure extended to one more company

The Ministry of Industry and Trade of Vietnam has announced a revision of the previous anti-dumping duty on hot-rolled steel imported from China. This was reported by Steel Orbis.

Although the preliminary rates for Chinese imports remained unchanged (in the range from 19.38% to 27.83%), the Ministry decided to impose an anti-dumping duty of 27.83% on Win Faith Trading Limited.

The products that are currently subject to the safeguard measures are classified under the codes 7208.25.00, 7208.26.00, 7208.27.19, 7208.27.99, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.20, 7208.39.40, 7208.39.90, 7208.51.00, 7208.52. 00, 7208.53.00, 7208.54.90, 7208.90.90, 7211.14.15, 7211.14.16, 7211.14.19, 7211.19.13, 7211.19.19, 7211.90.12, 7211.90.19, 7225.30.90, 7225.40.90, 7225.99.90, 7226.91.10 і 7226.91.90.

Last year, China exported 8.65 million tons of hot-rolled steel to Vietnam.

In February this year, the Ministry of Industry and Trade of Vietnam announced the introduction of temporary anti-dumping duties on HRC imports from China. They came into force on March 7 this year and will be in effect for 120 days.

The companies subject to the 27.83% duties include Baoshan Iron & Steel (Baosteel) and Maanshan Iron & Steel. A 19.38% duty was imposed on Guangxi Liuzhou Iron and Steel Group.

Vietnam launched an anti-dumping investigation following complaints from local producers in July last year. The temporary tariffs are aimed at protecting local producers after a sharp rise in Chinese imports. The ratio of imports from India is minimal (less than 3%), so these measures will not be applied to HRC from this country.