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The Ministry of Industry and Trade has just announced receiving information from India's Directorate General of Trade Remedies about issuing a questionnaire for the sunset review of countervailing duties on stainless steel welded pipes from China and Vietnam.The Trade Remedies Authority specifies that a sunset review is conducted just before the expiration of a 5-year period from the date of the official decision on anti-dumping duties or from the date of the review results (if the review covers both anti-dumping and damage).The tax imposition was issued by the Indian Ministry of Finance and became effective for a period of 5 years starting on September 17, 2019. The goods under review are stainless steel welded pipes falling under the HS codes: 7306 40 00, 7306 61 00, 7306 69 00, 7304 11 10, 7304 11 90, 7304 41 00, 7304 51 10, 7304 90 00, 7305 11 29, 7305 90 99, 7306 11 00, 7306 21 00, 7306 29 19, 7306 30 90, 7306 50 00, 7306 90 11, 7306 90 19, 7306 90 90. The HS codes do not limit the scope of the products under review.According to India's regulations, after 5 years of application, upon the request of the domestic manufacturing sector's representative, the Directorate General of Trade Remedies must conduct a final review to assess the necessity of continuing the anti-subsidy measures or to consider the possibility of a recurrence of subsidization practices or damage to the domestic manufacturing sector if the anti-subsidy duty on stainless steel welded pipes from Vietnam is terminated.The initiation of the sunset review investigation on the anti-subsidy tax on stainless steel welded pipes from Vietnam took place on September 30, 2023, according to the Directorate General of Trade Remedies. The official submission of the questionnaire for investigation to manufacturers, exporters and related parties occurred on November 28, 2023, by the Indian Directorate. Consequently, concerned parties have 7 days from the official date of sending the questionnaire to submit opinions on the security measures of the petition within the required file. Within 15 days from the official date of sending the questionnaire, entities need to provide input on the petition, the scope of the investigated goods, and propose product management code numbers. Furthermore, the respondents are expected to submit their responses to the investigation questionnaire and relevant information within 30 days from the official date the Directorate General of Trade Remedies sent out the questionnaire.The period for conducting the review on the anti-subsidy duty on stainless steel welded pipes from Vietnam spans from April 1, 2022, to March 31, 2023. Regarding the content related to damages, the investigation period will additionally cover the three most recent financial years: 2019-2020, 2020-2021, and 2021-2022.The Bureau of Trade Remedies recommends that relevant exporters thoroughly study all related documents and information regarding the case. Full and comprehensive cooperation with the Indian Directorate General of Trade Remedies is advised. Register as an involved party, respond to the questionnaire within the specified timeframe and format and maintain regular contact with the Bureau of Trade Remedies to receive timely information and support.

In the first 9 months of 2023, Vietnam's HRC exports exceeded 2.5 million tons, with Formosa Ha Tinh and Hoa Phat Dung Quat leading in the export market share. Additionally, crude steel exports showed a remarkable increase of over 81% compared to the previous year, reaching a volume of 1.4 million tons.Overview of Vietnam’s HRC exports from domestic steel manufacturers In the first 9 months of 2023, the steel industry's overall production of hot-rolled coil (HRC) reached 4.93 million tons, marking a 1.7% increase compared to the same period in 2022. Total sales volume was 4.95 million tons, reflecting a 4.1% increase compared to the previous year, with export quantities accounting for 50% of the total, reaching 2.559 million tons. Formosa Ha Tinh and Hoa Phat Dung Quat continued to lead the HRC sector in the country, with export figures of 1.6 million tons and 817,000 tons, respectively. It's worth noting that HRC exports have tripled compared to the same period last year, indicating a strong recovery in the Vietnamese steel industry despite the domestic steel consumption remaining relatively weak due to challenges in the real estate sector. In this context, export, especially in the HRC segment, has partially compensated for steel enterprises' domestic sales.Additionally, data reveals that Italy and India have become the two largest import markets for Vietnam’s HRC exports, with Italy importing over 840,000 tons and India importing more than 386,000 tons in the past 9 months. Furthermore, in more than 40 countries importing HRC from Vietnam, there are two Southeast Asian countries, Malaysia and Indonesia, ranking third and fourth in terms of import volume, with 378,000 tons and 244,000 tons. Previously, Vietnam's steel was predominantly consumed in the Southeast Asian region. However, since the signing of the EU-Vietnam Free Trade Agreement (EVFTA), the European market has emerged as a promising destination for Vietnamese steel exporters.The pie chart show top Vietnam’s HRC importing countries in the first 9 months of 2023While China's steel production has been continuously decreasing, India is considered as a new global steel production powerhouse, leading experts to believe that India will continue to maintain demand for HRC imports to support its manufacturing sector. Italy, which has always been a leading importer of Vietnamese steel in the European market, has shown sustained interest in Vietnam's steel. Attractive pricing from Vietnamese HRC manufacturers and the tariff benefits under the EVFTA have provided opportunities for strong steel importation by European businesses.Export of other steel segments in the first 9 months of 2023 has shown positive growthAccording to the Vietnam Steel Association (VSA), the export volume of other steel categories, including crude steel, finished steel, and construction steel, has increased significantly compared to the previous year. Overall, in the first 9 months of 2023, the total production of crude steel across the industry exceeded 14 million tons, despite a 13% decrease compared to the same period in 2022. However, export data indicates a remarkable 81% increase compared to the previous year, reaching a volume of 1.4 million tons.Similarly, the production and export of finished steel have seen positive changes, with production reaching 20.2 million tons, a 13.3% decrease compared to the same period in 2022, while export quantities reached nearly 6 million tons, reflecting a 22.6% increase compared to the previous year. In the case of galvanized steel, production reached 3.42 million tons in the first 9 months of 2023, a slight 3.4% decrease compared to the same period the previous year, with 3.11 million tons being sold and 1.66 million tons serving export purposes. Overall, the growth percentages in sales and exports do not significantly differ from the previous year.The production of construction steel products in the past 9 months exceeded 7.72 million tons, with production decreasing by 21.6% compared to the previous year. Sales and exports reached 7.74 million tons and 1.25 million tons, respectively, both showing a downward trend compared to the same period in 2022. In general, most real estate sectors have witnessed a global decline in investments ranging from 40% to 65% compared to the previous year, directly impacting the consumption of construction steel.The charts indicated about the exporting volumes of Vietnam steel products in 9 months of 2023Despite the current weak domestic consumption, VSA anticipates that challenging sectors such as real estate and industrial production will continue to improve in the near future due to public investment projects aiming to stimulate strong steel demand towards the end of the year. The steel market in Vietnam in the fourth quarter of 2023 is expected to have an upward trend, primarily due to favorable export conditions that allow enterprises to increase production.

Europe, with its well-developed steel industry and strong potential, is confidently anticipating a surge in the price of hot rolled coil in the final months of the year. Positive indicators and specific factors have created an ideal situation for steel price increases and mark the recovery of the steel industry after a challenging period.HRC price in EuropeBetween October 13th and October 20th, 2023, the price of hot rolled coil in Western Europe decreased by €10 per ton compared to the previous week, reaching a range of €610-€630 per ton. This price decrease started at the beginning of October, with a €50 per ton drop on September 29th, equivalent to 7.3%. Meanwhile, the Italian market also experienced a similar price reduction, with hot rolled coil prices dropping by €10 per ton compared to the previous week and €20 per ton compared to the end of September. The price difference between Western and Southern Europe has narrowed, and the market is facing pressure from low-cost imported hot rolled coil.Service centers and distributors are currently experiencing low sales volumes due to reduced consumer demand. The significant volume of imports from Asia and India continues to put pressure on the market, and the European automotive industry is going through a slump, significantly impacting the purchase of hot rolled coil. Some steel companies are temporarily halting operations to balance supply and demand and prevent further price declines.Despite the weak market conditions, European steel producers are reducing production capacity to maintain balance, and it is anticipated that the market may face a supply shortage in November and December, potentially leading to an increase in hot rolled coil prices.HRC prices in other marketsIn the hot rolled coil steel market, prices in major countries like the United States, China, and India have experienced notable fluctuations. In the United States, hot rolled coil prices have been trending upwards from $680-700 USD per ton to $692-720 USD per ton. This is the result of factors such as trade policies, regulations on steel imports, and domestic industry protection measures. However, prices can still vary due to factors like supply and demand in the construction and manufacturing sectors.In China, one of the largest players in the global steel market, hot rolled coil prices have remained relatively stable recently. Additionally, China's steel production policies and output can impact both domestic and export steel prices. Factors like production restrictions or policy changes may not significantly alter prices in the short term.In India, hot rolled coil steel prices are often influenced by domestic supply and demand as well as imports. Currently, hot rolled coil prices in India are stable, and economic growth and infrastructure development are creating increased demand for steel. However, factors such as trade policies and anti-dumping measures can influence steel prices in the near future.

Recently, the Department of Foreign Trade of Thailand (DFT) announced an investigation into evading anti-dumping (AD) measures on hot rolled steel products, both coil and non-coil, imported from China. The investigation began on September 15, 2023, due to suspicions by the government that China was intentionally altering minor compositions of hot rolled steel to evade AD duties.1. The situation of Thai steel imports from ChinaAccording to the Ministry of Commerce report, Thailand's steel demand shows promising improvements in 2023, but domestic production is on a decline. In the first 6 months of the year, the production volume decreased by more than 10%, especially in 1st quarter 2023 where it fell by over 36%. This has led to an alarming capacity utilization rate of under 30% in Thailand's steel industry. The steel consumption data for the first five months of 2023 shows 7.17 million tons, with a domestic production of 2.81 million tons and imports of 4.99 million tons, increasing by 15.6%. Notably, the import rate of Chinese steel has risen by over 50% compared to the same period in 2022, putting tremendous competitive pressure on domestic steel products.2. Thailand intensifies investigations on hot rolled coil and non-coil steel imports from ChinaFaced with severe threats to Thailand's steel industry due to dumping and surging imports, domestic producers appealed to Thailand's Ministry of Commerce for timely measures. Consequently, on September 15, 2023, the government officially began an investigation into evasion of anti-dumping measures on hot rolled flat steel, both coil and non-coil, originating from 17 Chinese enterprises. The products under investigation are classified under HS codes as HS 7225.3090.022, 7225.3090.023, 7225.3090.024, 7225.3090.042, 7225.3090.090, 7225.4090.034, 7225.4090.090, 7226.911 0,022, 7226,9110,023, 7226,9110,024, 7226,9110. 042, 7226.9110.090, 7226.9190.022, 7226.9190.023, 7226.9190.024, 7226.9190.042 và 7226.9190.090.Previously, Thailand had also imposed numerous trade defense measures against imported goods from China to protect the interests of domestic enterprises and the national steel industry.3. Thailand importers benefit from Vietnamese steelThailand is one of Vietnam's main steel export markets, with $281.8 million in iron and steel products and $103.8 million in products made from steel in 2022. With many advantages and tax incentives, many importers have chosen Vietnamese steel for its affordable price and quality.In 2023, the DFT decided to terminate the anti-dumping duty order on alloy-coated zinc aluminum steel products from Vietnamese manufacturers like Hoa Sen Group, Nam Kim Steel Joint Stock Company, Hoa Phat One Member Limited Liability Steel Sheet Company, Vnsteel Thang Long Coated Steel Joint Stock Company, Maruichi Sun Steel Joint Stock Company, Dong A Steel Joint Stock Company, Dai Thien Loc Corporation, NS BlueScope Vietnam Limited Company, and Southern Steel Company.Earlier, on March 25, 2017, the DFT had imposed definitive anti-dumping duties on zinc-aluminum alloy-coated steel, ranging from 4.3% to 60.26%.In addition to AFTA, ACFTA, RCEP, etc., Vietnam and Thailand have participated in and signed numerous bilateral agreements to enhance their economic and trade relationships. Furthermore, both countries, being neighbors in Southeast Asia, benefit from supply chain efficiencies and transportation advantages, leading to time and cost savings.MRS Steel is a provider sourcing and delivering quality Vietnamese steel at competitive prices to global markets. If you're looking to save time and cost in understanding the Vietnamese steel industry, please contact MRS Steel for expert assistance.

On June 28, 2023, the UK continued to maintain anti-dumping measures on heavy plate steel imported from China. This decision was made after the government considered recommendations from the Trade Remedies Authority (TRA) that the domestic steel industry would suffer significant damage if previous trade remedies measures were lifted.1. EU: Imposing definitive anti-dumping duty on non-alloy steel plate or other alloy steel imported from ChinaOn February 13, 2016, the European Commission initiated an anti-dumping investigation on steel products imported from China, specifically goods of flat products of non-alloy or other steel (excluding stainless steel, silicon-electrical steel, tool steel and high-speed steel), hot-rolled, not clad, plated or coated, not in coils.Products with thickness and width specified under Notice No. 2016/C 58/09, classified under the following HS codes: ex. 7208.51.20, 7208.51.91, 7208.51.98, 7208.52.91, 7208.90.20, 7208.90.80, 7225.40.40, 7225.40.60 and 7225.99.00.On August 11, 2016, the European Commission required that goods from China be registered with Customs for a period of nine months. As of August 11, 2016, the EC has imposed a provisional anti-dumping duty at a rate of duty is between 65.1% and 73.7% of the net-free-at-Union-frontier price depending on the company. The trade remedy measure on the above products imported from China is subject to Commission Implementation Regulation No. 2016/1888, was in force for a period of 6 months.Following the conclusions of the damage caused by China's cheap supply of heavy plate steel, the European Commission imposed definitive anti-dumping duties on the goods under investigation group. The amount of duty is between 65.1% and 73.7% of the net-free-at-Union-frontier price before duty depending on the company, in effective until February 28, 2022.However, in the face of recommendations from stakeholders and market fluctuations, on September 3, 2019, the EC issued Commission Implementation Regulation 2019/1382 regulating the definitive anti-dumping duties on imports of non-alloyed or alloyed steel plates from China if the safeguard duty is also levied on the same good. Accordingly, the definitive anti-dumping duty is adjusted in the range of 40.1 - 48.7% in case when the product is also subject to a 25% safeguard duty out of quota.According to the EU Withdrawal Agreement, from January 1, 2021, the UK is no longer a member of the EU and the application of safeguard measures on steel products is carried out independently between the EU and the UK. After this event, both the UK and the EU conducted a review and updated the trade protectionsm being applied. Therefore, on February 25, 2022, the European Commission announced the intitation of a sunset review of the definitive duty imposed on steel products from China.2. UK: extends anti-dumping duty on heavy plate steel imported from ChinaHeavy plate steel is one of the main materials for the production of construction equipment, oil and gas pipelines, shipbuilding, bridges and buildings. The construction and machinery manufacturing sectors account for over 70% of the UK's heavy plate steel consumption. Today, Spartan UK Ltd and Liberty Steel Dalzell Ltd are the UK's two largest producers of heavy plate steel, contributing £10-20 million to the UK economy each year.Therefore, when realizing that the source of cheap steel imported from China has seriously threatened business activities and profits, manufacturers have filed a complaint with the Trade Remedies Authority (TRA). The TRA investigation found that failure to impose strict safeguards on imported goods would have caused damage to British industry, with the risk of shutting down steel mills in North Lincolnshire and North Lanarkshire.On June 28, 2023, the UK government made the conclusion that the anti-dumping measures for heavy plate steel imported from China would remain in effect for 5 years.3. Prospects of Vietnam's steel imports to the UK 2023For Vietnam, the UK is currently the 13th largest important trading partner among countries and territories in the world, ranking 5th among European and American countries and territories. According to data of Vietnam Customs, in the first 11 months of 2021, Vietnam's total export turnover to the UK reached $5.24 billion, leading the growth rate was iron and steel products with an increase of 1269%, followed by products from iron and steel increased by 91.1%.The outstanding growth of iron and steel products by the recovery of industries in Europe after the pandemic. On the other hand, Vietnam's steel production output has improved in both quality and quantity. In 2021, Vietnam's crude steel output reached 23 million tons, finished steel products reached 33 million tons, the amount of steel exported to the UK increased by 708%, reaching 418,903 tons with an average price of 1172.7 USD/ton, increased by 69.5% over the same period last year.On March 13, 2023, Vietnam had the opportunity to welcome the UK Prime Minister's Trade Envoy to discuss bilateral investment and trade between Vietnam and the UK 2023. At the meeting, the two sides agreed on solutions to promote bilateral economic and trade cooperation, effectively implementing the UKVFTA and CPTPP Agreements. Through this event, the British government also continued to increase support and create favorable conditions to promote import and export activities between Vietnam and the UK. Therefore, most of Vietnam's steel products exported to the UK have grown well thanks to duty incentives.The UK government's move to extend anti-dumping duties on heavy plate steel imported from China may cause a supply chain shortage for domestic production. Finding alternative steel exporters is a solution that businesses can consider. Any demand for quotation and import of cheap and quality steel from Vietnam, please contact MRS Steel via Whatsapp: +84 76 911 2358 for the best support.

With its colossal steel production capacity, China dominates the world steel market with more than 50% of global steel production. As the country with the most developed steel industry, many of the world's leading steel manufacturing enterprises are Chinese enterprises. Let's look at the 5 largest steel manufacturers in China in 2023 with MRS Steel.Baosteel Group Corporation - The world's leading steel manufacturersBaosteel, also known as Baowu Steel, was founded in 1978 and is headquartered in Pudong, Shanghai. After more than 30 years of development, Baosteel has become one of the world's leading steel manufacturers with the world's leading competitiveness and advanced level of manufacturing industry... With over 130,000 employees, Baosteel focuses on producing three main product groups: carbon steel, stainless steel, and special steel. Baosteel's products meet domestic demand and are now exported to over 40 countries and territories. Baosteel's products are widely applied to many industries, such as automobiles, household appliances, machinery, energy,...Hebei Iron and Steel GroupHesteel Iron and Steel Group (also known as HBIS) was founded in 2008 and is headquartered in Shijiazhuang, Hebei, China. With a capacity of 30 million tons per year, it is one of the major steel manufacturers in China. With outstanding competitiveness and production ability, HBIS is the world's third-largest steel producer after over 10 years of operation. HBIS mainly produces wire rods, cold-rolled plates, hot-rolled steel, bars, hot-rolled plates, vanadium oxide, galvanized plates, welded pipes, and other products based on the requirements. HBIS is also the world's second-largest producer of vanadium-titanium materials and a pioneer in ocean and steel engineering for bridge construction.Jiangsu Shagang Group Company LimitedJiangsu Shagang is one of China's top 5 steel manufacturers, established in 1975. After nearly 50 years of operation, Jiangsu Shagang has more than 45,000 employees. It produces about 18 million tons/year, and the main product line consists of rebar, wire rod, plate, and hot rolled coil. In addition, Jiangsu Shagang also manufactures stainless steel and galvanized steel sheets. Together with Baosteel and HBIS, Jiangsu Shagang also became the world's 4th largest steelmaking enterprise, contributing to the development of China's steel industry.Angang Steel Company LimitedAngang Steel was merged into two companies, Anshan Iron and Steel Group and Pangpang Group Co., Ltd., in May 2010. Angang Steel is a state-owned steel producer under the supervision of the State Council of the People's Republic of China. It is also the second-largest steel manufacturer in China. Angang Steel's main products are billet, cold-rolled plate, color-painted plate, coil, thick plate, and heavy rail. With regular maintenance and modern equipment, Angang always produces high-quality products. Until now, Angang's products have been exported to more than 60 countries and regions worldwide.Shougang Group Company Limited - China's oldest steel manufacturersShougang Steel Manufacturers was founded in 1919 and is headquartered in Beijing. Shougang represents the epitome of China's iron and steel industry. Shougang has developed into a large, cross-industry, transnational corporation but still takes the steel industry as its primary industry. Since 2014, Shougang has deepened reform and entered the stage of comprehensive development. The company's products are mainly auto sheet, electric steel, and tin plate. After 100 years of establishment and development, Shougang's products are not only favored by the domestic market but also by the foreign market.Above is a list of five major steel factories in China in 2023. Hopefully, this list will be a valuable reference for those who require information about Chinese steel manufacturers. This list will still be updated continuously, so do not forget to follow MRS Steel to receive many other new and valuable pieces of information.