Vietnam revises preliminary anti-dumping duties on HRC imports from China

• AD duty of 27.83% imposed on Win Faith Trading
• Duty range for Chinese HRCs remains 19.38-27.83%

Vietnam’s Ministry of Industry and Trade (MOIT) has revised its preliminary anti-dumping duties on specific hot-rolled coil (HRC) and metallic-coated steel imports from Chinese and South Korean companies. These duties are valid for 120 days, unless extended. Specifically, Win Faith Trading Limited, identified as a related trader of Baowu Group, will now face an anti-dumping duty of 27.83% on Chinese HRCs with a width of 1,880 mm or less. Notably, this same 27.83% duty rate applies to all other Chinese traders not specifically named.

For reference, click here: Vietnam imposes provisional anti-dumping duties on HRC imports from China.

These duties, initially announced in late February 2025, target certain HRC grades falling under HS codes 7208, 7211, 7225, and 7226. The overall provisional anti-dumping duty range for Chinese HRCs remains 19.38-27.83%.

Notably, Vietnam’s steel imports decreased by 21% to 1.23 million tonnes (mnt) in March 2025 as compared to 1.56 mnt in February. Moreover, on a y-o-y basis, the same declined by 14% y-o-y from 1.43 mnt in March 2024. Furthermore, steel imports from China to Vietnam in March 2025 stood at 0.71 mnt, down by 30% against 1.01 mnt in February. Additionally, the same dropped by 29% y-o-y as of 1 mnt in March 2024.

Outlook

This adjustment reflects Vietnam’s intention to protect its domestic steel industry from what it considers unfair trade practices. Following increased protectionism, Vietnam’s steel sector may experience shifts in trade patterns in the coming months, potentially influencing market dynamics, prices, and competitiveness and impacting downstream industries.