Thailand has become the latest country to investigate hot-rolled coiled steel imports from Vietnam according to an announcement in Thailand’s Royal Gazette. Of note, Thailand’s steel imports from Vietnam are down by about half this year with just 111,884 tons of steel shipped to Thailand as opposed to 227,783 tons over the same period last year.
This adds to a growing list of investigations into steel import from Vietnam that includes South Korea, India, and the European Union and comes as cheap Chinese steel floods markets around the world. Of note there has been some suspicion that Chinese steel makers may be using Vietnam as an intermediary to circumvent trade tariffs in other countries on their own steel products.