The European Commission has imposed a provisional anti-dumping duty of 12.1 percent on hot-rolled flat steel products exported from Vietnam, citing material injury to EU producers. The measures follow a formal complaint from EUROFER and are part of a broader action also covering Egypt and Japan, according to a report from the EU.
Key points
- Hoa Phat Dung Quat Steel Joint Company was found to have a 0 percent dumping margin and is exempt.
- All other Vietnamese producers face a 12.1 percent provisional duty.
- The Commission concluded Vietnam’s steel producers significantly increased EU market share with low-priced exports, triggering price suppression and profit erosion in the EU.
- Vietnamese exports to the EU surged during the investigation period, with prices falling by approximately 17 percent.
This is one of the EU’s most significant trade remedy cases involving Vietnam in recent years, targeting one of its largest industrial exports. The ruling could impact Vietnam’s position in the global value chain and reinforces scrutiny over origin compliance and export pricing strategies.