Speaking to Dan Tri newspaper reporter, Mr. Chu Thang Trung - Deputy Director of the Department of Trade Defense ( Ministry of Industry and Trade ) - said that the Ministry of Industry and Trade has just issued an official decision to impose anti-dumping tax on some hot-rolled steel (HRC) products imported from China, ending the investigation on similar products from India.
According to the decision, the anti-dumping tax on some Chinese hot-rolled steel products ranges from 23.1% to 27.83%, applied from July 6 and lasting for 5 years, unless extended, changed or canceled according to regulations.
The products subject to the tax are flat-rolled or hot-rolled steel or alloy steel (with or without alloy), with a thickness of 1.2mm to 25.4mm, a width not exceeding 1,880mm, not surface treated such as pickling, plating, coating or oiling and with a carbon content not exceeding 0.3%. Some items such as stainless steel or hot-rolled steel in sheet form are on the exclusion list.
Hot-rolled steel from China entering Vietnam will be subject to anti-dumping tax from July 6 (Photo: SteelRadar).
The investigation results of the Ministry of Industry and Trade show that hot-rolled steel imported from China and India is dumping, causing damage to the domestic manufacturing industry. However, the import volume from India is considered insignificant, accounting for less than 3% of total imports.
Notably, the investigation agency determined that there was a clear causal link between the flood of cheap steel from China into the market and the significant damage to the domestic steel industry.
The Ministry of Industry and Trade has decided to impose official anti-dumping tax on some hot-rolled steel products from China and terminate the investigation into applying anti-dumping measures on some hot-rolled steel products from India.
Previously, in March 2024, Hoa Phat Group and Formosa Ha Tinh Steel Company Limited submitted a request for an anti-dumping investigation into HRC steel products imported from China and India to the Trade Defense Department. In July 2024, the Ministry of Industry and Trade decided to initiate an anti-dumping investigation into some HRC steel products imported from these two countries.
According to customs data, the volume of hot-rolled steel imports from China in 2024 reached 12.6 million tons, an increase of more than 33% compared to 2023. Notably, after the Ministry of Industry and Trade decided to initiate an investigation into the case from July 2024, the volume of hot-rolled steel imports from this market continued to increase significantly.
On February 21, the Ministry of Industry and Trade issued a decision to apply temporary anti-dumping tax on some hot-rolled steel products originating from India and China. Accordingly, the temporary anti-dumping tax rate applied to investigated goods from China is 19.38-27.83%.
Source: https://dantri.com.vn/kinh-doanh/chinh-thuc-ap-thue-chong-ban-pha-gia-thep-hrc-tu-trung-quoc-20250705170554334.htm
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