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On February 28, 2025, the South Korean Ministry of Trade, Industry and Energy (MOTIE) decided to initiate an anti-dumping investigation into HRC imported from China and Japan. This decision was made based on a petition from domestic steel mills.For more information about the incident, follow the article below by MRS Group.Steel imports from China and Japan are under investigationDetails of the incidentPlaintiff: Hyundai Steel Co., LtdDefendant: Japan: JFE Shoji Corporation, Nippon Steel Trading Corporation, Sumitomo Corporation Global Metals Co., Ltd., Dongkuk Corporation, Seah Japan Co,. Ltd, Young Steel Co,.Ltd.China: Benxi Iron and Steel Group International Economic and Trading Co,. Ltd., Dalian Woo Ho Hongkong International Ltd., Howa Trading Co,. Ltd., Sharpmap International Hongkong Co,. Ltđ, and Sino Commodities International Pte,. Ltd.Items under investigation: Hot-rolled coilHS code: The products in question fall under the Harmonized Tariff Schedule of Korea numbers HSK: 7208101000, 7208109000, 7208251000, 7208259000, 7208261000, 7208269000, 7208271000, 7208279000, 7208361000, 7208369000, 7208371000, 7208379000, 7208381000, 7208389000, 7208391000, 7208399000, 7208400000, 7208531000, 7208539000, 7208541000, 7208549000, 7208900000, 7211130000, 7211141000, 7211149000, 7211191000, 7211199000, 7225301000, 7225309010, 7225309091, 7225309092, 7225401000, 7225309099, 7225409092, 7226200000, 7226911000, 7226912000 và 7226919000.The plaintiff in the case is Hyundai Steel Co,.LtdWhy does Korea impose tariffs on Japan and China? South Korea decided to investigate and possibly impose anti-dumping duties on HRC imported from Japan and China for the following main reasons:Dumping damages the domestic steel industryIn the petition, Hyundai Steel claimed that hot-rolled coil from Japan and China was priced 10-30% lower than the prices of Hyundai Steel's and POSCO's own products. This puts pressure on prices and profits at domestic manufacturing enterprises.Protect domestic industryThe steel industry is a strategic industry in Korea, contributing greatly to the economy and employment. Importing cheap steel in large quantities could make domestic producers unable to compete, leading to a decline in production. Specifically, according to information from the Korea Steel Association, from January 2024 to November 2024, Korea imported 3.43 million tons HRC, of which China was 1.53 million tons and Japan was 1.77 million tons, accounting for a total of 96.2% of total imports.Increased inventory and decreased profitsCheap steel from China and Japan is flooding the Korean market, causing domestic inventories to rise. This reduces revenue and forces businesses to reduce prices, directly affecting profit margin.Korea's steel industry is under threatWhat opportunities are there for Vietnam's steel industry?South Korea's investigation and the possible imposition of anti-dumping duties on HRC from Japan and China could open up many opportunities for the Vietnam steel industry.Increase steel exports to South KoreaIf anti-dumping duties are imposed, steel from China and Japan will become pricier in South Korea. This is an opportunity for Vietnamese steel enterprises to increase exports to this market with more competitive price advantages. Steel products that can be concentrated include hot-rolled coil, cold rolled coil, and galvanized steel coil.Expanding market share in Southeast AsiaChina may increase exports to Southeast Asian nations as a result of restrictions in South Korea. If Vietnam maintains and expands trade defense measures such as the recently applied anti-dumping duty, domestic enterprises can gain an advantage at home and in the region.Vietnam may increase exports to South Korea as China and Japan face tariffsOpportunities to increase domestic supply chainsIf it reduces its dependence on imported steel, the Vietnam steel industry can expand its domestic supply chain, from raw materials to finished products. This trait also helps reduce the risk of trade defense measures from abroad.Vietnam can take advantage of opportunities to boost exports hot-rolled coil to the Korean market. However, it also comes with significant challenges:Price competition: This is not only an opportunity for Vietnam but also for other countries in the region. Countries with low production costs will have a more competitive price advantage.Quality requirements: Korea and developed countries require high-quality standards, requiring Vietnam to invest more heavily in production technology.Sources of raw materials: Vietnam's steel production still relies heavily on imported materials, which puts pressure on costs.The article on MRS Group has provided you with the latest information about the case of Korea conducting an anti-dumping duty investigation against China and Japan. Stay tuned to MRS for the latest updates on the incident.

Recently, on February 21, 2025, the Ministry of Industry and Trade issued a decision to apply a temporary anti dumping duty on some hot - rolled coil (HRC) products imported from China. The range of relevant duty rates is 19.38% to 27.83%.For a more thorough analysis of the situation, read the article from MRS Steel below.Vietnam imposes an anti-dumping duty on Chinese HRCBackground and causes of the incidentItems under investigation: Hot-rolled coil HS Code: 7208.25.00, 7208.26.00, 7208.27.19, 7208.27.99, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.20, 7208.39.40, 7208.39.90, 7208.51.00, 7208.52.00, 7208.53.00, 7208.54.90, 7208.90.90, 7211.14.15, 7211.14.16, 7211.14.19, 7211.19.13, 7211.19.19, 7211.90.12, 7211.90.19, 7225.30.90, 7225.40.90, 7225.99.90, 7226.91.10, 7226.91.90Plaintiff: Hoa Phat Group and Formosa Ha Tinh Steel CorporationPeriod of investigation: 26/7/2024Duty decision date: 21/02/2025Cheap imported steel damages the domestic steel industryDetails of the duty decisionThe duty rates applicable to Chinese enterprises are as follows:Baoshan Iron & Steel, Maanshan Iron & Steel: 27,83%Guangxi Liuzhou Iron and Steel Group: 19,38%.The Ministry of Industry and Trade collaborated with pertinent organizations throughout the inquiry to examine and evaluate the effects of dumping on the domestic manufacturing industry. The agency also investigated the level of dumping by Indian and Chinese exporters. According to the investigation's findings, HRC steel from India is exempt from anti-dumping duty because the country's import rate is so low, less than 3% despite the evidence of dumping. The application period is 120 days from the date of effect, and the provisional anti-dumping duty goes into force 15 days after the decision is made. Following the implementation of interim anti-dumping levies, the Ministry of Industry and Trade will keep collaborating with pertinent stakeholders to gather and validate data. It is believed that a temporary anti-dumping tariff must be implemented in order to shield the domestic steel industry from pressure from low-cost imported steel.The duty takes effect after 15 days and is applicable for 120 daysImpact of this decisionFor domestic steel millsSafeguard domestic steel mills: Enterprises such as Hoa Phat Group and Formosa Ha Tinh Corporation will benefit when cheap steel imports from China are restricted. This helps to reduce unfair competition and promote the development of domestic enterprises.Increasing domestic output: Domestic steel mills are encouraged to invest in increasing output and raising the caliber of their products when the importation of steel products declines. Additionally, growing output lessens reliance on imports, improving Vietnam's steel industry initiative. For Vietnam steel industryStabilize prices, reduce cheap steel imports: Vietnam's market prices have fallen precipitously as a result of cheap imported steel products from China, making it challenging for local mills to compete. By stabilizing steel prices, tariffs could improve profit margins for domestic steel mills. Effects on mills that use HRC as a source of input: The implementation of an anti-dumping tariffs on China has restricted the supply of low-cost steel, which has raised production costs and product prices for mills such as Hoa Sen, Ton Dong A, Nam Kim, and others that use HRC as input materials. For Chinese steel millsVietnam is one of the important markets for hot-rolled coils from China. According to 2024 customs data, the amount of HRC imported from China to Vietnam exceeded 10 million tons. However, with anti-dumping duty rates ranging from 19.38% to 27.83%, the competitiveness of Chinese steel in the Vietnamese market has significantly decreased compared to domestically produced products or products imported from other countries.In addition, along with the risk of trade retaliation, China may apply retaliatory measures, such as increasing duties or tightening imports of goods from Vietnam, especially raw materials or other steel products.China's supply chain is impacted by tariffsThe most recent details regarding Vietnam's anti-dumping tariffs on HRC steel imports from China and India may be found in the article on MRS Group. Follow me to regularly update new information about the world steel market.

Hot rolled and cold rolled steel are both important raw materials in the production of many types of finished steel products. So what are hot rolled vs cold rolled steel? What is the difference between these two types of rolled steel and what are the applications of these two types of rolled steel?Let's explore more deeply with MRS Steel about the basic knowledge of hot rolled & cold rolled steel as well as the benefits it brings to businesses in many different fields through the article content below.Let's learn more about hot rolled steel and cold rolled steelLearn about hot rolled and cold rolled steelHot rolled and cold rolled steel are important raw materials in the steel production process. Both types of steel are metals whose production requires high technical skills and solid expertise. Next, let's learn about hot rolled steel vs cold rolled steel.What is hot rolled steel?Hot rolled steel is a type of steel produced through a hot rolling process at high temperatures, often exceeding 1000°C. This process can change the material and shape of the metal. Hot rolled steel products are often dark green, less shiny and lack aesthetics.Hot rolled steel are usually produced at high temperaturesWhat is cold rolled steel?Cold rolled steel is essentially a hot rolled steel that has been cooled and re-rolled at room temperature. After going through the process of gradually reducing the length of the cold rolled steel, it has appropriate dimensions and smooth surface quality. Because it goes through many processing processes, cold rolled steel often has a higher price than hot rolled steel, so product quality as well as aesthetics are also highly appreciated compared to hot rolled steel.Cold rolled steel has a smoother surface than hot rolled steelDifference between Hot-rolled and Cold-rolled steelTo distinguish between hot rolled and cold rolled steel, in addition to learning about the nature through the definition of each type of steel coil mentioned above, we need to differentiate through factors such as the normal thickness, price of each type, surface, and edge of the steel coil. In addition, we can consider additional factors such as tolerance, accuracy, and storage method of each type of steel coil. Let's see the differences between these two types of rolled steel through the table below.Table comparing the differences between hot rolled steel and cold rolled steelComparison criteriaHot-rolled steelCold-rolled steel Thickness>0,9 mm0,15mm - 2,0mmSurface, colorThe surface is rough, the blue-gray color turns rusty red after a long timeSmooth surface, light gray colorEdgeThe two edges of the roll are often rounded, rough, and turn rusty when left for a long timeUsually neatly trimmedTolerance The tolerance is larger due to the production process; the hot temperature cools down, so the steel deforms itself and cannot be controlledTolerances are tighter due to reduced temperatures throughout the process and strict control of the coolant actionPrice Cheaper than cold rolled steelHigher than hot rolled steelPreservationHot-rolled steel coils can be left outdoors for long periods of time without using coveringsShould be stored indoors and should be covered with a cover to prevent scratches on the steel surface.Advantages and disadvantages of hot rolled and cold rolled steelEach type of steel will have its own advantages and disadvantages. Let's learn about the advantages and disadvantages of hot rolled and cold rolled steel through the table below.Advantages and disadvantages of hot rolled steel and cold rolled steelCriteriaHot-rolled steelCold-rolled steel AdvantagesEasy to bend, easy to shapeSo Easy To PreserveGood bearing capacityLower price than cold rolled steelThe quality of the finished product is consistentThe surface is highly aestheticHigh durability and hardnessHigh accuracyDisadvantagesLow aestheticsDifficult to control size and shapeEasy to rustThe price is higher than hot rolled steelApplications of hot rolled and cold rolled steelHot-rolled and cold-rolled steel are two dominant types of steel on the market today. In addition to being commonly used in steel production, hot rolled vs. cold rolled steel are also indispensable materials for the production of many popular civil products today.Hot rolled steel is an indispensable raw material source in the steel production process. In addition to being a source of raw materials for the production of cold rolled steel, hot rolled steel is also used to serve the construction, mechanical, transportation, household appliances, and other industries that use billets, beams, and H-shaped steel.Cold rolled steel is mainly used to produce products such as steel sheets and galvanized steel coils with square and round details and smooth surfaces. Cold rolled steel has high aesthetics and precision, so they are often used in technical and aesthetic projects such as manufacturing cars, air conditioners, refrigerators, food containers, televisions,...Galvanized steel pipe is one of the applications of hot rolled steelWhere should you buy hot rolled steel and cold rolled steel?Hot rolled and cold rolled steel are used in many fields. Therefore, businesses should choose products with good quality and according to standards to ensure quality. Currently, there are many units supplying hot rolled vs cold rolled steel in the Vietnamese market.MRS Steel is one of the units chosen and highly appreciated by many customers for many years. Steel products provided by MRS Steel are all standard quality products that do not rust, yellow, or warp. MRS Steel has provided you with information about hot rolled and cold rolled steel. If you have any questions or request a quote for steel products that need us to answer, please contact us!

The Indian government will need to carefully consider the interests of all stakeholders before making a final decision on imposing anti-dumping duties on HRC steel imports from Vietnam.The recent anti-dumping investigation into Vietnamese HRC imports has been met with strong opposition from the Indian steel user community. They fear that the imposition of such duties could lead to higher steel prices, negatively impacting industries that depend on steel, such as automotive parts, agricultural tools,...Balancing trade protection and steel user interests in India's HRC probeAccording to Upkar Singh Ahuja, President of the Chamber of Industrial and Commercial Undertakings (CICU) in Punjab, "We do not want anti-dumping duties applied." He argues that imposing these duties would create a financial burden on SMEs, raising input costs and reducing their competitiveness. Some industrialists oppose the anti-dumping duties on Vietnamese HRC, concerned that large steel corporations in India might gain monopolistic control over the market by raising prices unreasonably.Akash Bassi, Vice President of CICU, also emphasized that anti-dumping measures could hinder free trade, create trade conflicts and disrupt supply chains. Other industry representatives, such as Honey Sethi and Rajnish Ahuja, also noted that the steel industry is currently profitable, the additional duties are unnecessary and could threaten the sustainability of SMEs.India's anti-dumping investigation into HRC imports from Vietnam is generating mixed opinions within the industry. While some large producers support the duties to protect their interests, many SMEs are concerned that this will increase production costs, reduce competitiveness and harm the local economy. The Indian government will need to carefully weigh the interests of all parties involved before making a final decision on imposing these anti-dumping duties.

On August 14, 2024, the Directorate General of Trade Remedies (DGTR) in India officially initiated an anti-dumping investigation into imported Vietnamese HRC steel.According to MRS Steel, this investigation was launched at the request of the Indian Steel Association, which represents two major steel producers: JSW Steel Limited and ArcelorMittal Nippon Steel India Limited.India launches anti-dumping investigation into Vietnamese HRC steel importsWhich Vietnamese HRC products are under investigation?The investigation targets HRC products, both alloyed and non-alloyed, not clad, not plated or coated, with a thickness of up to 25mm and a width of up to 2100mm. These products fall under HS codes 7208, 7211, 7225 and 7226. The investigation will focus on the period from January 1, 2023, to March 31, 2024, with damage assessments covering the years from 2020 to 2023.Vietnamese steel alleged to be dumpedIndian steel producers allege that Vietnamese HRC is being imported into India at "dumping prices," causing significant harm to the domestic steel industry. They argue that there are no substantial differences in the physical and chemical properties, production process, technology, functionality or usage between their products and the imported steel from Vietnam.To counter the threat of cheap imports, they have proposed the implementation of anti-dumping duties on HRC imports from Vietnam to safeguard their domestic industry.Indian steelmakers push for anti-dumping duties on Vietnamese HRC importsImpact on the global steel marketThis investigation by India could have wide-reaching implications for the global steel market, particularly for Vietnam, which is among the top 5 steel exporters to India. According to BigMint research, during the fiscal year 2023-2024, India imported 3.55 million tons of HRC and plate steel, of which 620,000 tons (nearly 20%) were from Vietnam. This figure represents a threefold increase compared to the 22,000 tons imported in the fiscal year 2022-2023.Vietnam's steel exports to India triple, facing Indian market scrutinyResponse from VietnamTo respond to this investigation, the Vietnam Trade Remedies Authority has urged domestic businesses to actively cooperate with DGTR by providing comprehensive and accurate information. Additionally, businesses are advised to proactively request relevant information from DGTR to protect their interests in the investigation.As India initiates an anti-dumping investigation into Vietnamese HRC steel, the outcome could have a profound impact on trade relations and reshape the global steel market dynamics. Vietnamese steel producers must stay vigilant, actively participate in the investigation process, and defend their interests. Stay updated on the developments of this case to understand its full implication.

The situation of Vietnam's steel industry in the first 6 months of 2024 is showing positive signs when consumption output shows signs of good growth.To know more about Vietnam's steel industry, please follow the article below with MRS Steel.Vietnam's steel industry is showing positive signsBright spots from the domestic steel marketAccording to the report of the Vietnam Steel Association (VSA), in the first 6 months of 2024, finished steel production increased by 10.1% over the same period last year to 14.427 million tons. In addition, sales reached 14.274 million tons, up 14.4% over the same period in 2023. In particular, export output reached 4.216 million tons, up 8.6% over the same period in 2023.Since the beginning of the year, the steel industry has benefited greatly from increased domestic consumption due to the recovery of the real estate market. In addition, the Government is making efforts to promote disbursement and speed up the progress of key projects. This is a bright spot for the recovery of the steel industry.According to the financial report, the highest profit continues to be Hoa Phat Group Joint Stock Company when it achieved a net profit in the second quarter of 2024 of nearly 3,320 billion VND, an increase of 127% over the same period. In the first 6 months of 2024, Hoa Phat recorded a profit after tax of nearly 6,189 billion VND, nearly 3.4 times higher than the same period last year. In the first 5 months of 2024, Vietnam exported about 5.505 million tons of steel, an increase of 25.61% over the same period last year. The export value reached 4.041 billion USD, an increase of 17.19% over the same period in 2023. This is a signal reflecting the recovery of the export market in the last months of 2024 and early 2025.The domestic steel market is gradually recoveringChallenges from trade defenseCurrently, trade defense is one of the major challenges for steel manufacturing enterprises. Recently, the EU has also initiated an investigation into HRC from Vietnam. This requires enterprises to have effective calculations and business strategies, especially to comply with regulations and proactively coordinate in issues related to trade defense.In addition, at the end of July 2024, the Ministry of Industry and Trade decided to investigate and apply anti-dumping measures on some HRC steel products originating from India and China. This decision is beneficial for domestic HRC producers but disadvantageous for many businesses that depend on imported HRC sources. For example, Hoa Phat is focusing on putting the Hoa Phat Dung Quat 2 Iron and Steel Production Complex into operation with the expectation of producing 5.6 million tons of HRC steel per year, bringing Hoa Phat's total crude steel production capacity to over 14 million tons/year.MRS Steel has provided you with the latest information about the Vietnamese steel industry. Hopefully, it will help your operations in the near future. If you have a need to buy Vietnamese steel products, please contact us via this form.