Brian Jeffrey
The Ministry of Industry and Trade in Vietnam has initiated an investigation into the application of anti-dumping measures on specific hot-rolled steel products originating from India and China. The investigation, effective from July 26, 2024, will be carried out in line with Vietnam’s trade defense laws.
The period under investigation to determine dumping behavior ranges from July 1, 2023, to June 30, 2024. Meanwhile, the timeframe for assessing damage is from July 1, 2023, to June 30, 2023.
Following a request received on March 19, 2024, from two domestic steel manufacturers—Hoa Phat Dung Quat Steel JSC and Formosa Ha Tinh Steel Corporation—the Ministry announced the decision to investigate the application of anti-dumping measures on the mentioned hot-rolled steel products from India and China.
Subsequently, the investigation agency conducted evaluations, sought additional information, and clarified details regarding product scope, evidence of dumping behavior, and the impact of dumping on the domestic industry. By May 31, 2024, the agency confirmed the validity and completeness of the request.
During the investigation, it was established that the request met the necessary criteria to represent the domestic industry and provided substantial evidence of dumped goods causing considerable harm to the local sector. The requesting parties presented convincing grounds to demonstrate the dumping behavior of the investigated goods, with a calculated dumping margin of 22.27% for India and 27.83% for China.
If the final investigation outcome reveals significant harm or a potential threat to the domestic industry, the Minister of Industry and Trade reserves the right to impose retroactive anti-dumping duties. These duties can be applied to imported goods up to 90 days prior to the provisional anti-dumping duties if a surge in import volume occurs, leading to irreversible damage to the domestic industry.
The hot-rolled steel products (HRC) from India and China under investigation fall within specified HS codes, including 7208.25.00, 7208.26.00, 7208.27.19, and others outlined in case number AD20.
