Vietnam officially imposed anti-dumping tariffs on certain hot-rolled coil steel products from China, with rates ranging from 23.10% to 27.83%. According to reports from The Wall Street Journal and Reuters, Vietnam’s Ministry of Trade issued a statement on July 7th, announcing the imposition of anti-dumping tariffs on certain Chinese steel products, effective from July 6th.
Additionally, Vietnamese media reported that the Ministry of Industry and Trade of Vietnam issued Decision No. 1959/QD-BCT on July 4th, officially imposing anti-dumping duties on certain hot-rolled coil (HRC) steel products imported from China, while simultaneously terminating the investigation into similar products from India.
Under this decision, the anti-dumping tariffs on Chinese steel range from 23.10% to 27.83%, implemented on July 6th for a period of five years, unless extended, modified, or repealed according to regulations. The taxed products include flat-rolled steel, hot-rolled steel, or alloy steel with a thickness of 1.2mm to 25.4mm, a width not exceeding 1880mm, without surface treatments such as pickling, plating, coating, or oiling, and a carbon content not exceeding 0.3%. Certain products, such as stainless steel or hot-rolled steel sheets, are excluded from the list.
Hot-rolled steel products subject to official anti-dumping duties are classified based on HS codes.
On March 7th, Vietnam began imposing temporary anti-dumping duties for a period of 120 days, with rates ranging from 19.38% to 27.83%. The current official tariffs represent a continuation and confirmation of the temporary measures. Affected companies include Baoshan Iron and Steel and Maanshan Iron and Steel (at a 27.83% rate), as well as Guangxi Liuzhou Iron and Steel Group (at a 23.10% rate).
Customs data indicates that Vietnam imported 12.6 million tons of hot-rolled steel from China in 2024, an increase of over 33% from 2023.
In July of last year, the Ministry of Industry and Trade of Vietnam initiated anti-dumping investigations into hot-rolled coil products from China and India. It is worth noting that following the investigation, Vietnam’s imports of hot-rolled steel from the Chinese market continued to increase significantly.
In February of this year, the Ministry of Industry and Trade of Vietnam announced that hot-rolled steel imports from China and India were causing harm to the domestic manufacturing industry due to dumping practices. Temporary anti-dumping duties ranging from 19.38% to 27.83% on Chinese products were imposed, effective from March 7th. However, imports from India were deemed insignificant, accounting for less than 3% of the total imports, and therefore exempt from the tariffs.