Vietnam slaps 27.83% anti-dumping duty on China’s hot rolled steel coils
Vietnam’s Ministry of Industry and Trade has imposed a temporary anti-dumping duty of 27.83% against hot rolled steel coils (HRC) imported from China.
In a decision announced on Friday, the ministry clarified the duty followed an investigation initiated in July 2024 against the products imported from China and India. Hot rolled steels from India are not subject to any anti-dumping duty, the ministry added.
Hot rolled steel coils (HRC) products. Photo courtesy of Hoa Phat Group.
The anti-dumping duty will levy on products per the HS codes: 7208.25.00, 7208.26.00, 7208.27.19, 7208.27.99, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.20, 7208.39.40, 7208.39.90, 7208.51.00, 7208.52.00, 7208.53.00, 7208.54.90, 7208.90.90, 7211.14.15, 7211.14.16, 7211.14.19, 7211.19.13, 7211.19.19, 7211.90.12, 7211.90.19, 7225.90.90, 7225.40.90, 7225.99.90, 7226.91.10, and 7226.91.90.
The ministry can adjust the list of products subject to the tariff.
While the 27.83% tax rate is for all Chinese producers, a few are subject to lower rates, such as Hebei Yanshan Iron and Steel and associates with 26.94%; Guangxi Liuzhou Iron and Steel, Luizhou Iron & Steel, Guangzi Iron and Steel, and associates with 19.38%.
The decision will become effective 15 days after the issuance (from March 8, 2025) for 120 days. The Ministry of Industry and Trade will issue final decisions later.
According to customs data, Vietnam spent $1.21 billion on importing iron-steel and iron-steel products in January, down 23.3% year-on-year. China was the biggest source with $736 million, down 26.7%.
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