Imposing anti-dumping duties on hot-rolled steel imported from China.

Workers inspect coiled aluminum bars at a warehouse in an industrial park in Xinzhou, Shandong Province, China.

The Ministry of Industry and Trade has just issued a decision imposing provisional anti-dumping duties on hot-rolled steel (HRC) imported from China, with tax rates ranging from 19.38% to 27.83%.

According to this decision, goods under investigation from China will be subject to tariffs of 19.38 - 27.83%, effective 15 days after issuance and applicable for 120 days.

In accordance with the Law on Foreign Trade Management, the Ministry of Industry and Trade, in coordination with relevant units, has carefully reviewed and assessed the impact of dumping practices by imported goods on the operations of domestic industries, as well as the extent of dumping by Indian and Chinese manufacturing and exporting enterprises.

The investigation results show that although dumping exists, the proportion of imports of the investigated goods from India is insignificant (less than 3%). Therefore, according to Clause 3, Article 78 of the Law on Foreign Trade Management, the investigated goods from India are excluded from the scope of application of provisional anti-dumping duties.

According to customs statistics, in 2024, imports of hot-rolled steel reached 12.6 million tons, an increase of over 33% compared to 2023. Notably, after the Ministry of Industry and Trade initiated an investigation in July 2024, steel imports from China continued to increase significantly, raising concerns about the potential for serious impact on the domestic market.

In response to this situation, the Ministry of Industry and Trade has decided to apply provisional anti-dumping measures to control the rate of import increase and protect domestic production.

TB (summary)

Source: https://baohaiduong.vn/ap-thue-chong-ban-pha-gia-doi-voi-thep-can-nong-nhap-khau-tu-trung-quoc-405882.html