Vietnam’s Ministry of Industry and Trade has announced the introduction of temporary anti-dumping duties on imports of hot-rolled coils (HRC) from China. The duties range from 19.38% to 27.83% and will come into effect on March 7, lasting for 120 days.

Companies subject to the 27.83% duty include Baoshan Iron & Steel (Baosteel) and Maanshan Iron & Steel, while Guangxi Liuzhou Iron and Steel Group will face a 19.38% duty. The investigation was launched following complaints from Vietnamese producers in July last year. In January-September 2024, Vietnam imported almost 8.8 million tons of hot-rolled steel, with 72% coming from China. The temporary tariffs aim to protect local producers after a sharp rise in Chinese imports.

Imports from India are minimal (less than 3%) and will not be subject to these temporary duties. South Korea is also imposing provisional anti-dumping duties on Chinese companies for imports of heavy plates used in shipbuilding and construction, with rates ranging from 27.91% to 38.02%. These duties are pending approval by the Ministry of Economy and Finance.