Vietnam’s Ministry of Industry and Trade has officially imposed anti-dumping taxes of 23.1 to 27.83 percent on certain hot-rolled steel products originating from China, effective from 6 July and set to last for five years, VN Express has reported→view source.
Key details:
- Scope of products: Tax applies to flat-rolled, hot-rolled steel or alloy steel (thickness 1.2–25.4 mm, width up to 1,880 mm), not surface treated, carbon content below 0.3 percent. Stainless steel and certain plate forms are excluded.
- Previous provisional tax: From March, a provisional duty of 19.38 to 27.83 percent had been imposed on hot-rolled coils from China and India. Following final findings, imports from India were exempted and will receive tax refunds.
- Investigation background: The probe, covering 1 July 2023 to 30 June 2024, was initiated at the request of Hoa Phat Dung Quat Steel and Hung Nghiep Formosa Iron and Steel. Results confirmed dumping from China that harmed domestic producers, while Indian imports were deemed negligible (under 3 percent of total imports).
- Rationale: The Ministry concluded that cheap steel from China had been flooding Vietnam’s market, significantly damaging local manufacturing capacity and competitiveness.
This decision strengthens Vietnam’s domestic steel industry against cheap imports, reinforces trade defence mechanisms, and aligns with broader efforts to support strategic industries amid rising regional competition.