MINISTRY OF INDUSTRY AND TRADE IMPOSES TEMPORARY ANTI-DUMPING DUTIES ON IMPORTED HOT-ROLLED STEEL FROM CHINA

On February 21, 2025, the Ministry of Industry and Trade of Vietnam issued Decision No. 460/QĐ-BCT, imposing temporary anti-dumping duties on certain hot-rolled steel products imported from China. The highest tax rate is 27.83%, effective from March 7, 2025, to July 5, 2025.

Applicable Tax Rates and Duration

• Tax rate: Up to 27.83% on certain Chinese hot-rolled steel products.
• Effective period: From March 7, 2025, to July 5, 2025.

Affected Chinese Enterprises

The following Chinese steel manufacturers are subject to this decision:

• Baoshan Iron & Steel Co., Ltd.
• Maanshan Iron & Steel Co., Ltd.
• Guangxi Liuzhou Iron and Steel Group Co., Ltd. (tax rate: 19.38%)
• Shougang Group Co., Ltd.
• Jiangsu Shagang Group Co., Ltd.

Notably, Baoshan Iron & Steel Co., Ltd. and Maanshan Iron & Steel Co., Ltd. face the highest tax rate of 27.83%, while Guangxi Liuzhou Iron and Steel Group Co., Ltd. is subject to a 19.38% duty.

Reasons for the Tax Imposition

The anti-dumping investigation was initiated in July 2024 after domestic steel producers reported that cheap Chinese steel imports were harming local production. The investigation revealed that 72% of Vietnam’s hot-rolled steel imports in the first nine months of 2024 originated from China.

Policy Objectives

The implementation of these temporary anti-dumping duties aims to:

• Protect Vietnam’s steel industry from unfair competition.
• Ensure market stability by preventing an influx of low-priced Chinese steel.