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Türkiye announced that it will impose anti-dumping duties on hot-rolled coil imports from four countries: China, India, Russia, and Japan.To better understand the information about the incident, join MRS Steel and learn through the article below.Türkiye imposed anti-dumping duties on HRC import from 4 countriesDetails and developments of the incidentRecently, on October 11, Türkiye announced that it will impose anti-dumping duties on hot-rolled coil imported from China, India, Russia and Japan. Türkiye's action aims to protect its domestic steel industry, as hot-rolled coils are perceived to create unfair competition, causing damage to local enterprises.Türkiye mainly imports steel from countries such as Russia, China and India. Currently, China is the world's largest producer of steel, accounting for more than half the world's output at over a billion tons a year. However, the country's steel industry is facing many challenges and fluctuations as domestic demand continues to decline. This forces China to boost its exports to deal with inventory. Importing too much hot-rolled coil from China risks causing damage to domestic manufacturing enterprises.Changes in trade policy and pressure from anti-dumping measures have also affected the supply and prices of imported steel. Accordingly, the tax rate imposed on each country is different. China has the highest tax rate, ranging from about 15% to 43%, while the tax applied to imports from Russia, India, and Japan ranges from 6% to 9%. Products subject to customs tariffs fall under HS codes 7208, 7211, 7212, 7225, 7226. The new tariffs will affect about 4 million tons of imported steel products worth more than $2 billion. After the Government of Republic of Turkey made the decision, shares of leading Türkiye steel producers such as Erdemir and Isdemir all increased on the stock exchanges. Türkiye made the decision amid growing trade tensions between China and the European Union (EU).China is the country with the highest tax rateWhat opportunities for Vietnam's steel industry?As Türkiye imposes anti-dumping duties on steel imported from China, India, Russia, and Japan, the Vietnamese steel industry can take advantage of the following opportunities.Increase exports: The imposition of anti-dumping taxes on certain countries presents a great opportunity for the Vietnamese steel industry, as importers seek alternative sources of supply for products from countries subject to these taxes.Cooperation and investment: Vietnam's steel industry can seek cooperation and investment opportunities from international businesses, especially from countries that have a demand for steel but are facing difficulties due to anti-dumping taxes.Expand the market: The shortage of steel from countries subject to anti-dumping duties may create an opportunity for the Vietnamese steel industry to increase its market share in Türkiye.Participation in Regional Trade Agreements: Vietnam has several free trade agreements with Türkiye and other countries, which help reduce tariffs and facilitate steel exports to Türkiye.The article on MRS Steel has provided you with information about Türkiye's imposition of anti-dumping duties on hot-rolled coils imported from China, India, Russia and Japan. Follow MRS Steel to receive updates quickly, if you have any questions, please contact us here.

Brazil recently launched an anti-dumping investigation into pre-painted steel products from China and India, as its actions are believed to be an attempt to protect its domestic steel industry from unfair competition.Join MRS Steel to learn more about the incident by reading the article below.Brazil investigates anti-dumping of pre-painted steel from China and IndiaKey points of the issueCause of the incident: There have been allegations that pre-painted steel imported from China and India is being sold at prices lower than its actual value, putting pressure on domestic manufacturers and threatening the survival of the domestic steel industry.Countermeasures: Brazil’s Foreign Trade Department (SECEX) has received a request and initiated an anti-dumping investigation into pre-painted steel products from China and India. The investigation was requested by domestic steel producers CSN and Tekno Industry and Trade. Accordingly, Brazil steel producers have asked the government to impose tariffs on imported steel products. The total amount of steel and iron imported from China increased from $1.6 billion in 2014 to $2.7 billion last year. According to domestic producers, in the first eight months of this year, Brazil imported more than 148,000 tons from China and over 5,000 tons from India. The large volume of steel imports from China and India has made the business situation of domestic enterprises difficult. Therefore, the Brazilian Federal Government has conducted an investigation and will reach a conclusion regarding the imposition of anti-dumping duties on pre-coated steel products imported from these two countries. This tax is intended to regulate prices and protect the domestic market.Chinese and Indian exporters react: Chinese and Indian manufacturers and governments have protested against the measures, arguing that they are unfair and detrimental to free trade. They may also file complaints with international trade organizations such as the WTO.Impact of the event: With the investigation and the imposition of anti-dumping duties on pre-painted steel products from the world's two largest steel-producing countries, China and India, this could escalate trade tensions between these countries and Brazil, affecting global steel prices and supplies.The surge in steel imports is a particularly challenging problem for the Federal government of Brazil. Brazil’s measures come as the world braces for an increase in exports from China, as the world’s largest steel industry struggles with excess capacity amid a slowing real estate sector and weak domestic demand.Imported galvanized steel products are considered unfair competition to domestic productsWhat are the opportunities for Vietnam's steel industry?When Brazil conducts anti-dumping investigations into pre-painted steel from China and India, what opportunities will arise for Vietnam's steel industry?Increasing exports: With the anti-dumping investigation, the Brazil market may seek alternative sources of supply. This presents an opportunity for the Vietnamese steel industry to export products to this potential market.Promoting domestic production: With the opportunity to export to Brazil, this also presents a chance for the Vietnamese steel industry to boost domestic production to ensure a stable supply for export.The article on MRS Steel has provided you with information about Brazil's anti-dumping investigation into pre-painted steel products from China and India. If you have any questions, please feel free to contact us for answers. 

U.S initiated an anti-dumping investigation into imports of corrosion-resistant flat products (CORE) from ten countries, including Vietnam.Several major American steel manufacturers, including Steel Dynamics, Nucor Corporation and U.S. Steel, have formally petitioned the U.S. Department of Commerce (DOC) and the International Trade Commission (ITC) to launch an anti-dumping investigation into imports of corrosion-resistant flat products (CORE).These products, which include a range of steel materials used widely in construction, automotive manufacturing and other critical industries, are being imported from 10 countries at prices the petitioners allege are unfairly low. The countries identified in the petition are Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates (UAE) and Vietnam.U.S. probes CORE imports from 10 countries, including VietnamThe complainants argue that imports from these countries have caused substantial damage to the U.S. domestic industry and that the situation will worsen if no action is taken. Additionally, investments by producers in these countries to increase galvanized steel production capacity have raised concerns about the potential for increased exports to the United States.Barry T. Schneider, President and COO of Steel Dynamics, stated, "Between the first half of 2023 and the first half of 2024, CORE imports from the ten subject countries increased from less than 1.25 million tons to almost 2 million tons, a significant increase of 57%. The surge in unfair CORE imports has had a substantial negative impact on the volumes, prices and profitability of the domestic steel industry, necessitating these cases."The products in question fall under the following Harmonized Tariff Schedule of the United States (HTSUS) codes: 7210.30.0030, 7210.30.0060, 7210.41.0000, 7210.49.0030, 7210.49.0040, 7210.49.0045, 7210.49.0091, 7210.49.0095, 7210.61.0000, 7210.69.0000, 7210.70.6030, 7210.70.6060, 7210.70.6090, 7210.90.6000, 7210.90.9000, 7212.20.0000, 7212.30.1030, 7212.30.1090, 7212.30.3000, 7212.30.5000, 7212.40.1000, 7212.40.5000, 7212.50.0000, 7212.60.0000, 7225.91.0000, 7225.92.0000, 7226.99.0110, and 7226.99.0130.In July of this year, the Steel Manufacturers Association (SMA) and six other industry groups urged the House of Representatives to include the Playing Field 2.0 Act in the upcoming legislative package aimed at protecting the United States from unfair trade practices by China.The petition underscores the necessity of implementing measures to safeguard the domestic steel industry from the increasing influx of imported steel products, ensuring fairness and sustainability for U.S. steel producers.The official announcement regarding this anti-dumping investigation has not yet been released. Readers are encouraged to follow MRS Steel for the latest updates on developments in the international and Vietnamese steel markets. 

Canada has imposed temporary anti-dumping duties ranging from 6.1% to 38.9% on wire rods imports from Vietnam, which are lower than those imposed on China and Egypt.Recently, the Canada Border Services Agency (CBSA) released a preliminary conclusion on its investigation into anti-dumping measures on wire rod products originating from China, Egypt and Vietnam. According to the conclusion, the temporary anti-dumping duties for Vietnamese companies range from 6.1% to 38.9%, the lowest compared to the rates imposed on Chinese companies (50.9% - 71.1%) and Egyptian companies (49.7% - 99.8%).Canada imposes lower anti-dumping duties on Vietnam wire rods importsCanada's anti-dumping investigation on steel wire rods from three countriesThe CBSA stated that the essential information used to make the decision would be published within the next 15 days and posted on their official website. During this period, the CBSA will continue its investigation and is expected to issue a final conclusion on September 4, 2024.This investigation began on March 8, 2024, to determine whether the import of wire rod products from China, Vietnam and Egypt has caused damage to the Canadian steel industry. The wire rod products under investigation fall under HS codes: 7213.91.00.42, 7213.91.00.43, 7213.91.00.49, 7213.91.00.50, 7213.91.00.60, 7213.91.00.70, 7213.99.00.11, 7213.99.00.12, 7213.99.00.31, 7213.99.00.32, 7213.99.00.51, 7213.99.00.52, 7227.20.00.20, 7227.20.00.90, 7227.90.00.60, 7227.90.00.70, 7227.90.00.81, 7227.90.00.82, 7227.90.00.83.CBSA continues steel wire rods dumping probe, final decision due September 4Final determination and impact on Vietnamese companiesOn September 4, 2024, the CBSA issued a final determination on the anti-dumping duties for the involved countries. Specifically, the duty rates for Vietnamese companies such as Hoa Phat Dung Quat Steel are 17.7% and Hoa Phat Hai Duong Steel is 13.5%. In contrast, the rates for Chinese and Egyptian companies remain significantly higher. For example, Chinese company Jiangsu Shagang faces a 34.0% duty, while other Chinese companies are subject to 46.2%. Egyptian company Suez Steel faces an 8.6% duty, while other Egyptian companies are subject to 21.3%.CBSA sets final anti-dumping rates with Vietnam lower than othersNext steps for Canada and VietnamThe Canadian International Trade Tribunal (CITT) continues to investigate whether these imports have caused significant damage to Canada's domestic industry and will issue a conclusion by October 4, 2024. If the CITT does not find any evidence of injury, the case will be dismissed.Given this situation, the Trade Remedies Authority of Vietnam recommends that exporting companies register as parties involved in the case to receive necessary information and respond within the stipulated timeframe. Businesses are also advised to closely coordinate with the trade remedies authority to receive timely support and protect their interests.According to statistics from Trademap, Vietnam's export turnover of wire rod products to Canada has increased significantly in recent years, from USD 10 million in 2020 to USD 21 million in 2021, reaching approximately USD 40 million in 2022. This growth demonstrates the competitiveness of Vietnam's steel industry while posing significant challenges in dealing with increasingly strict trade remedy measures from Canada.As Canada intensifies its monitoring and regulation of steel imports to protect its domestic market, it is expected that further investigations and anti-dumping duties will be imposed on other steel products from Vietnam in the near future. Follow MRS Steel for the latest news on the steel market in Vietnam and worldwide.

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.

Recently, the Trade Remedies Authority (Ministry of Industry and Trade) and the European Commission issued a notice initiating an anti-dumping investigation into certain types of hot-rolled coil originating from Egypt, India, Japan, and Vietnam imported into the EU. This is part of the European Union's effort to protect its domestic industry from unfair competition from other countries.Hot-rolled coil (HRC) steel from Vietnam is facing anti-dumping measures by the EUThe decision to initiate the investigation was made based on the request received by the European Commission from the European Steel Association on June 24, 2024, concerning hot-rolled coil products. The products under investigation are classified under the following HS codes: 72081000, 72082500, 72082600, 72082700, 72083600, 72083700, 72083800, 72083900, 72084000, 72085210, 72085299, 72085310, 72085390, 72085400, 72111300, 72111400, 72111900, ex 72251910, 72253090, ex 72254060, 72254090, ex 72261910, 72269191, and 72269199.The anti-dumping investigation period covers from April 1, 2023, to March 31, 2024, while the damage investigation period spans from January 1, 2021, to March 31, 2024. The Trade Remedies Authority also noted that the European Commission’s initiation notice includes comprehensive information about the involved parties. The notice details the investigation procedures, relevant deadlines, the rights and obligations of the parties, and provides guidance on how to upload and submit documents through the EC's electronic system, TRON.HRC is one of the important products of the steel industryThis investigation reflects the EU's increasing concern for maintaining fairness in international trade and protecting its regional industry from potential harm caused by unfair competitive practices.In addition to facing anti-dumping duties in the EU, domestic hot-rolled coil products in Vietnam are also competing with low-priced steel imports from abroad. Previously, in July 2024, the Ministry of Industry and Trade issued a decision to initiate an anti-dumping investigation into hot-rolled coil imported from China and India, after observing that such practices were harming local businesses.Currently, the two companies in Vietnam exporting hot-rolled coil are Hoa Phat Group and Formosa Ha Tinh. These are the only two companies in Vietnam that produce and export HRC. According to data from Customs and the Steel Association’s report, in 2023, the combined sales volume of HRC from Hoa Phat and Formosa Ha Tinh reached 6,808,337 tons, with 3,405,633 tons exported, accounting for nearly 50% of Vietnam's total HRC sales. Notably, in the first half of 2024, the sales volume of these two companies reached 3,312,675 tons, with 1,181,649 tons exported, representing almost 40% of their total sales in the first half of 2024.Formosa and Hoa Phat are the two companies exporting hot-rolled coil steel from VietnamFacing the wave of trade protectionism, affected manufacturing and exporting companies, in collaboration with the Vietnam Steel Association (VSA), need to thoroughly review all relevant information and documents. They must fully cooperate with the European Commission (EC) to provide the required information and documentation in the prescribed format and within the deadlines. Regular coordination and information sharing are essential to receive timely support from the Trade Remedies Authority.In the article above, MRS Steel has provided you with information about the situation. Stay tuned to MRS Steel for the latest updates and insights on the global steel industry.

By the end of 2023, Vietnamese goods were the subject of many investigations related to trade remedies in major markets such as the Americas, Europe and Asia. In this article, MRS Steel will review cases of investigation and application of trade defense against Vietnamese steel in Canada, Mexico, the EU and India.Vietnamese goods were the subject of many investigations trade defense from Canada, Mexico, the EU and IndiaCanadian marketRe-investigate with corrosion-resistant steel sheet (COR)On January 16, 2023, Canada conducted a re-investigation (administrative review) of the normal value and export price for corrosion-resistant steel from Turkey and Vietnam. On July 17, 2023, Canada announced the conclusion of the re-investigation, accordingly, basically keeping the old anti-dumping duty rate unchanged (2.3% - 71.1%) and adding new companies eligible for individual duties.The end-of-term review of anti-dumping and countervailing duties on cold rolled steelOn November 15, 2023, Canada announced the initiation of an end-of-term review of anti-dumping and countervailing duties on cold rolled steel from China, Korea and Vietnam. The case is under investigation and a conclusion is expected before April 12, 2024.Canada initiates review of anti-dumping duties on Vietnamese cold rolled steelMexican marketAnti-dumping investigation on galvanized steelOn August 31, 2021, Mexico initiated an anti-dumping investigation into galvanized steel imported from Vietnam. On September 14, 2022, Mexico issued a preliminary conclusion on the case, accordingly, the dumping margin of Vietnamese galvanized steel exporters ranges from 0% - 12.34%. On February 24, 2023, Mexico issued its final conclusion, accordingly, the dumping margin was reduced to from 0% - 10.84%. Mexico also assesses that there are no special market factors in the Vietnamese steel industry and uses the value provided by Vietnamese enterprises to calculate the margin.Mexico's anti-dumping investigation: Vietnamese galvanized steel exporters face margin reductions.Anti-dumping of cold-rolled steelOn July 28, 2022, Mexico initiated an anti-dumping investigation into cold rolled steel coils imported from Vietnam. On September 14, 2023, Mexico issued a preliminary conclusion, accordingly, based on the allegation of "special market situation" with Vietnamese cold rolled steel industry, Mexico used alternative values to calculate dumping margins of 12.77% - 81.06%. On December 28, 2023, UPCI issued the final conclusion, adjusting the dumping margin to 11.64% - 79.24%.EU marketAnti-dumping and countervailing duty investigations on cold-rolled stainless steel (SSCR)On August 14, 2023, the Ministry of Industry and Trade received information about the EU initiating two investigations on anti-dumping and countervailing duties on cold-rolled stainless steel products from Vietnam, Taiwan and Turkey Most major Vietnamese companies fully cooperated in the investigation. The Ministry of Industry and Trade also coordinated to provide information and data on time according to EU requests. The investigation is ongoing.The EU reviews the application of safeguard measures on certain steel productsOn June 2, 2023, the WTO Safeguards Committee announced that the EU would continue to extend the safeguard measures for another year (effective from July 1, 2023 to June 30, 2024). Vietnam is subject to a quarterly quota shared with other countries for certain steel products exported to the EU. The EU can conduct a review to continue extending the safeguard measure for a maximum of 2 years or terminate the measure.Indian marketAnti-Dumping Investigation on stainless steel welded pipesOn September 30, 2023, the General Department of Trade Defense (DGTR) announced the initiation of an anti-dumping investigation on stainless steel welded pipes imported from Thailand and Vietnam. The investigation is ongoing.DGTR launches anti-dumping probe on stainless steel welded pipes from Thailand and VietnamEnd-of-term review of countervailing duty on Welded Stainless Steel PipesOn September 30, 2023, DGTR announced the initiation of a end-of-term review of countervailing duty orders on welded stainless steel pipes from China and Vietnam. In this case, the Ministry of Industry and Trade coordinated with relevant agencies to submit responses to the Government's questions on time. The review is ongoing.The above information summarizes the trade defense investigations and measures applied to Vietnamese steel in Canada, Mexico, the EU and India. The Vietnamese Ministry of Industry and Trade continues to support businesses in responding to and appealing against trade defense measures to protect preferential tax rates. MRS Steel owns a team of leading market research and export experts, helps importers access high-quality steel sources at the best prices. If you have any questions about importing Vietnamese steel, please contact us for the best support.

By the end of 2023, the United States had investigated 59 trade defense cases against Vietnamese exports, accounting for nearly 25% of the total number of foreign cases investigating Vietnamese exports. In particular, the United States initiated an investigation and made official conclusions regarding all types of iron and steel. Importers can refer to the full and latest details in the article by MRS Steel.US investigated 59 trade cases on Vietnamese exports, mainly iron and steelU.S. investigation on anti-circumvention of Vietnamese round stainless steel wire rodOn February 1, 2022, the United States published a gazette to initiate an investigation into anti-dumping tax evasion on round stainless steel wire rod imported from Vietnam due to allegations of evasion of trade defense taxes being applied to Korea. On May 26, 2023, the United States published its final conclusion, according to which Vietnam did not evade taxes.U.S. Concluded Vietnam Did Not Evade Anti-Dumping Taxes on round stainless steel wire rodU.S. investigation on anti-circumvention of of Vietnamese steel pipe productsOn August 4, 2022, the United States published a gazette to initiate an investigation into anti-dumping and anti-subsidy duty evasion on a number of steel pipe products imported from Vietnam due to allegations of trade defense tax evasion being applied to China, Taiwan, South Korea, and India. On August 9, 2023, the United States announced its final conclusion, concluding circular welded carbon steel pipes and circular welded non-alloy steel pipe imported from Vietnam did not evade tax being applied to Taiwan-China due to not using HRS originating from Taiwan-China.For the remaining steel pipe products, on November 9, 2023, the United States published its final conclusions in the Official Gazette, stating that Vietnamese businesses have evaded anti-dumping and anti-subsidy taxes that the United States was applying to China, Taiwan (for some HS codes), Korea and India. However, the United States allows Vietnamese exporters to participate in the self-certification mechanism not to use HRS originating from the above accused countries to be exempted from measures (except for non-cooperative enterprises, providing complete information during the investigation).Vietnamese steel pipe products faced US trade duty evasion allegationsU.S. investigation on anti-circumvention of stainless steel plate and stripOn May 15, 2020, the United States published a gazette initiating an investigation into anti-dumping and anti-subsidy tax evasion on stainless steel plates and strips imported from Vietnam due to allegations of defensive tax evasion being applied to China. On March 29, 2023, the United States issued the final conclusion of the case, accordingly, stating that stainless steel plate and strip products imported from Vietnam used raw materials of Chinese stainless steel. However, the United States allows Vietnamese exporters to participate in the self-certification mechanism to be exempt from measures (except for non-cooperative enterprises, providing complete information during the investigation).The US investigated anti-dumping, anti-subsidy evasion on Vietnam stainless steelMRS Steel - consulting on policies and regulations for exporting Vietnamese steel to the United StatesMRS Steel is a unit specializing in providing solutions for importing Vietnamese steel of diverse types, notably HRC, galvanized steel, color-coated steel,... to the U.S. market. We have more than 12 years of experience in the field of steel export to major markets such as the U.S., UK, Australia, Europe,... so we clearly understand the regulations and policies to help optimize time and effort for customers.In addition, MRS Steel has a network connecting large mills in Vietnam such as Hoa Phat, Hoa Sen, Ngoc Minh, SeAh, Bluescope,... providing the highest quality products. As one of the strategic partners of Vietnamese factories, MRS Steel always enjoys many attractive preferential policies to offer the best prices to importers.Above are the cases of the United States investigating trade remedies against Vietnamese steel in 2023, latest updated by MRS Steel. Understanding the regulations and procedures for importing Vietnamese steel is challenging for many U.S. importers. Meanwhile, MRS Steel can assist importers in solving all issues quickly and simply. Please contact us via Whatsapp: +84 76 911 2358 or Email: vanloc@mrssteel.com.vn for the best support.

The Ministry of Commerce of Thailand is investigating and considering expanding anti-dumping measures on hot-rolled coils imported from China. This country's steel is said to be overrun in the Thai market, causing this country's domestic mills to struggle because of excess capacity and low efficiency.Thailand's Department of Foreign Trade may conclude the investigation by June 2024, after receiving an investigation request last year from Sahaviriya Steel, G Steel and GJ Steel, mills of hot-rolled coil, Thailand's biggest. These businesses are struggling because of widespread cheap Chinese steel, which affects the business of domestic steel mills.Information about the petition requesting Thailand's Department of Foreign Trade to investigate the case of 17 Chinese steel mills for alleged anti-dumping duty evasion. Accordingly, the alloys mixed into steel products by Chinese mills to avoid anti-dumping duties have caused quality control problems, leading to the dumping of steel products. According to Thailand's Department of Foreign Trade, Thai authorities found evidence of changing the composition of steel products and dumping by Chinese steel mills.China's hot-rolled steel coils are at risk of evading anti-dumping dutiesSoutheast Asia is China's leading steel export market, but China is currently facing widespread excess supply as the real estate and infrastructure sectors weaken. That forces China to boost exports, in which Vietnam, Thailand, and Indonesia are among China's main export markets; specifically, steel exports of all kinds increased by 39%. In 2023, Thailand will import 63% of its steel output, which will cause the business situation of domestic steel mills to decline, seriously affecting this country's steel industry.Cheap steel from China is the top choice for consumers. With abundant supply, Chinese steel mills offer Thai buyers cheaper prices than domestic steel mills. In 2023, the price of coated steel from China will be 39% lower than that of Thai products; Chinese steel coils will be sold at a 16% discount. Therefore, Thai steel manufacturing enterprises are facing a difficult situation due to declining revenue, which could affect the entire steel industry in this country.In 2017, Thailand applied anti-dumping measures to a series of imported steel products. This is also a wake-up call for Thai steel mills to focus on improving product quality and expanding sales channels to avoid price competition; otherwise, they will lose to high-priced imports. cheap despite government protections.However, in a public hearing before the DFT, steel importers from China in Thailand opposed the petition for an anti-dumping investigation of steel products from China. The reason that the Thailand steel industry lost its competitiveness comes from mistakes in investment decisions.China's hot-rolled coils affect domestic manufacturing enterprisesOpportunities for the Vietnam steel industryWith hot-rolled steel coils from China being investigated for anti-dumping by Thailand, a new opportunity has opened for the Vietnamese steel export market. With agility, grasping market needs, and boldness in business investment, more and more Vietnamese steel products are exported to Thailand, which is also one of Vietnam's main export markets in Southeast Asia.However, this is also a challenge for Vietnamese steel businesses, forcing businesses to be well prepared for trade defense measures. Therefore, Vietnamese businesses need to continue to improve production and business efficiency by strengthening market forecast analysis and organizing flexible production and business in accordance with market developments. In addition, the government has policies and solutions to create conditions for domestic businesses to promote exports.MRS Steel has provided you with information about Thailand's anti-dumping investigation of hot-rolled coils originating from China. However, the investigation has not ended yet. We will continuously update the latest information about the incident.