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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.

The European Commission, the executive body of the European Union, will consider requests to extend protection measures for a range of steel imports after receiving requests from the steel industry of EU countries.Specifically, on January 12, the EC received a request from the steel industry of 14 countries out of a total of 27 countries in the EU about domestic steel manufacturers being affected by the impact of the imported steel corrugated iron. This request is intended to determine whether an extension of existing safeguard measures is necessary to protect the steel industry of these countries.Excessive steel imports have caused serious damage to the domestic manufacturers in these countries. Therefore, after consideration, the EC finds that the request has sufficient evidence to support the need for continued safeguard measures to prevent or remedy the serious damage being experienced by the European Union's steel industry. These measures apply to the import of hot-rolled steel sheets, cold-rolled steel sheets, electrotechnical sheets, color-coated steel sheets, stainless steel sheets, tubular products of carbon steel and stainless steel, and wire rod. The tax imposition order was established on February 1, 2019 and lasts until June 30, 2021.However, after a lengthy review investigation, the EC extended the safeguard measures for another three years. The EC warns that if these measures are lifted, the steel industry of European Union countries will face a wave of imports, which will have a very negative impact on the economic performance of these countries. this country. In addition, the request includes examples related to modifications made by Union manufacturers. The Commission considers that the information provided, including the sources and supporting evidence, constitutes a sufficient basis for initiating an investigation.With the European Union expanding measures for importing countries, this is also an opportunity and a challenge for the Vietnamese steel industry. Particularly for the EU market, preliminary data shows that Vietnam's steel exports account for 24.1% of the turnover, reaching 2.2 million tons, a sharp increase of 86.2% over the same period. in 2022. Of which, exports to the Italian market increased by 127.7%, reaching 1,355 million tons; Belgium increased by 30.1%; Spain increased by 70.2%. According to the European Steel Association (EUROFER), Vietnam accounted for 8.1% of total finished steel products imported into Europe in the first 8 months of 2023. Meanwhile, finished steel imports from Turkey, China and India decreased sharply (-59%, -11% and -3% respectively), imports from Vietnam increased by 15%. The growth of iron and steel exports shows that steel industry enterprises are increasingly interested in exploiting the EU market and have made good use of the incentives provided by the EVFTA agreement.In addition, the EU's continued extension of protective measures also requires businesses in the Vietnamese steel industry to be mentally prepared to respond to events and to properly and fully comply with the agency's requirements. EC investigation agency throughout the process of the case, closely coordinating with the Trade Remedies Department to receive timely information and support.

The Trade Defense Agency (Ministry of Industry and Trade) has just warned about the risk of Canada investigating and applying trade defense measures to steel imported from Vietnam.According to the Trade Defense Agency, with the policy of monitoring and tightening management of steel imported to protect the domestic market, it is expected that in the coming time, Canada will continue to research and investigate products, type of steel imported from Vietnam. The items targeted by Canada are Vietnam's main export products including concrete reinforcement steel, anti-corrosion steel plates, steel coils and oil pipeline steel. This item is widely used in prestressed concrete wire (PC Wire), umbrella frames, tire bead wire (TBW), piano wire, wire cores for conductors, cables used in elevators and cranes, welding electrode cores and nails.For Canada alone, there have been 18 trade defense cases. Of these, there have been eight trade defense cases with steel imported from Vietnam. Specifically, there are 5 anti-dumping cases, 2 anti-subsidy cases and 1 self-defense case. According to statistical data from Trademap, an updated database system on the trade situation of countries established by the International Trade Center (ITC), Vietnam's export turnover of steel wire products to Canada has increased rapidly in recent years. For example, in 2020, Vietnam exported about 10 million USD of steel wire to Canada. The export turnover of this item doubled to 21 million USD in 2021 and continued to grow strongly, reaching about 40 million USD in 2022.This shows that our country's goods exports to Canada are being actively supported by the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), effective January 2019. Currently, Vietnam is Canada's leading trading partner in ASEAN and Canada's 6th largest trading partner in the group of 40 Indo-Pacific countries.The absolute increase in value is one of the criteria for Canada to conduct an investigation and apply trade defense measures against Vietnamese steel wire. Based on this database, the Trade Defense Agency issued a warning about the risk of Canada investigating and applying trade defense measures to steel imported from Vietnam and recommended that businesses, related associations and businesses review the export of steel wire to the Canadian market (refer to the following HS codes: 7223, 7213, 7227 and 7306).According to experts, this move is a wake-up call to advise businesses to proactively research regulations and procedures to respond in case Canada conducts an investigation into trade defense cases against imported products, such as steel imported from Vietnam. In cases of investigation, the association and related businesses need to have a strategy to participate and handle the case, fully cooperate at the request of the investigation agency and regularly coordinate to receive support from the Trade Defense Agency. Canada is a potential market for Vietnam's exports. If goods are handled and recalled, it will cause great damage to domestic businesses.Above is information about the Trade Defense Agency warning businesses to be careful because steel imported from Vietnam may be investigated by Canada. We will continuously update information about this incident; please follow the website to get the latest information about this incident.