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As a country with a developed steel industry providing more than 50% of global steel output, however, China is now massively exporting steel, causing concerns about global oversupply. The main reason comes from the weakening of the real estate market, which causes the country's domestic consumption to decline. Join AG真人游戏 Steel to learn more through the article below!China's steel industry boosts exportsAccording to a report by the National Bureau of Statistics, in the first 2 months of 2024, China exported nearly 16 million tons of steel, an increase of 32.6% over the same period last year. This is also considered the highest steel export level of the Chinese steel industry from 2016 until now.According to Nikkei Asia, China's steel exports this year will equal or exceed last year's level, as China is on track to export about 90 million tons of steel and closer to 110 million tons in 2015, when it will witness an increase in anti-dumping measures around the world. This shows that the Chinese government is gradually stimulating the country's economic recovery.China just reported its highest steel export figures in eight yearsCurrently, China provides about 55% of the world's steel output. Therefore, even a small increase in exports can lead to downward pressure on prices in world markets. Therefore, the Chinese steel industry's promotion of exports has affected the steel industries of other countries, especially Southeast Asian countries, which are China's main export markets. In September 2023, the country's steel exports to Thailand increased by about 60% year-on-year, with exports to Malaysia increasing by about 80%. The amount of steel exported to Indonesia doubled and to Vietnam more than quadrupled.Pressure for Vietnam's steel industryA large amount of imported steel from China continuously floods the Vietnamese market, causing great pressure on the domestic steel industry. In just the first 2 months of 2024, the amount of steel imported from China reached 1.8 million tons, of which Vietnam's HRC alone imported from China reached 1.4 million tons, accounting for 74.2% of the total amount of HRC imported in the first 2 months of 2024.The reality of China's steel imports increasing sharply in the context of Vietnam enjoying an import and export tax of 0%. Trade defense measures have been lifted; other steel products, such as galvanized steel sheets, color steel sheets, steel pipes, prestressed steel,... are not subject to any trade defense measures. Facing pressure from imported steel, since 2023, the Vietnam Steel Association has made recommendations to the government to strictly control the import of steel products into the Vietnamese market.Chinese steel exports a lot, causing pressure on Vietnamese steelAs China increases steel exports, the country is turning to high-value-added products, putting pressure on domestic steel producers such as Hoa Phat, Hoa Sen, Ton Dong A,... Once again, Vietnam's steel industry faces a big challenge when it has to compete with cheap steel sources from China. This raises a warning bell for Vietnam's steel industry to have appropriate policies to ensure its development. development of domestic steel enterprises.Above is the information that AG真人游戏 Steel sends to you about the problem of the world steel industry having excess supply because the leading country in steel production, China, is promoting exports. With China promoting exports, it not only affects Vietnam's steel industry but also the steel industry of other countries.

Overcapacity in China has led to a surge in steel exports, affecting the consumption of domestic factories in Southeast Asia. According to short-term forecasts, the Southeast Asian steel market will be flooded with cheap Chinese steel, some of which is sold at prices lower than production prices through dumping behavior.According to the Secretary General of the Southeast Asia Iron and Steel Institute and former Deputy Minister of International Trade and Industry, expectations for the strong post-COVID-19 recovery in China's real estate and construction sector have not materialized. Meanwhile, steel output is expected to increase by 5% to more than 1 billion tons without any significant control policies. Even, Chinese steel exports are expected to reach a record high of 89 million tons. Excess capacity leads to "dumping" and the massive export of cheap steel to Southeast Asian countries.According to data from the Southeast Asia Iron and Steel Institute (SEAISI), total production capacity in the 2029-2030 period will reach 182.5 million tons, 2.3 times higher than the current capacity (78.1 million tons). Another obstacle is that China's construction and real estate sectors are unlikely to recover, so exporting steel to China is also difficult.In 2022, ASEAN-6's steel demand was 75.1 million tons, crude steel capacity was 78.1 million tons, output reached 50.5 million tons with capacity utilization at 64.6% (below the efficiency level of 80%). Steel imports reached 43.8 million tons, equivalent to 58% of demand. In Malaysia, factories face an even worse situation when they fall into a situation of overcapacity of more than 60%. Domestic demand was 5.4 million tons, capacity was about 10.6 million tons, while output is 3.6 million tons. Malaysia's top 4 long steel manufacturing companies also reported a loss of nearly 199 million USD in 6 quarters. From 2018 to 2022, the total losses of the 4 factories amounted to 1.35 billion RM. The new company entering Malaysia uses blast furnace (BF) technology that pollutes 3 times more than the EAF system. This negatively affects Malaysia's Net Zero roadmap by 2050.

China's iron ore imports in November 2023 reached 102.74 million tons, up 3.37% over the previous month. Import volume in the first 11 months of 2023 increased by 6.2% over the same period. China's steel exports in November 2023 increased by 43.29% over the same period, steel imports in November decreased by 18.13% over the same period in 2022.According to Customs data, China's iron ore imports in November rose 3.94% year-on-year as steel mills' profit margins improved and the recovery of the CNY, which encouraged the purchase of steel production raw materials.As the world's largest consumer of iron ore, China imported 102.74 million tons of iron ore in November compared to 99.39 million tons in October 2023. November's imports maintained a high level for the fourth consecutive month and marked the fifth instance of surpassing 100 million tons in 2023.Mysteel鈥檚 data showed that iron ore inventories at surveyed mills increased 3.5%, reaching 93.02 million tons at the end of November. The Chinese yuan (CNY) appreciated 2.5% against the US dollar in November 2023.Customs data also revealed that China's iron ore imports in the first 11 months of 2023 increased 6.2% to a record high of 1.08 billion tons. Jiangsu Fushi Data Research Institute predicted that iron ore imports in December may remain at roughly the same level as last month as factories need supplies to meet production requirements during the New Year holiday in early January 2024. Buyers will settle their shipments via sea freight before the end of the year amid rising CNY, which means volumes this month will not be small.Regarding steel product exports, China recorded 8.01 million tons in November, up 43.3% over the previous year and 0.88% over October 2023. Besides, China imported 614,000 tons of steel products last month, down 18% compared to November 20233. The total imports for the first 11 months of 2023 stood at 6.98 million tons, down 29.2% compared to a year earlier.Where to contact reputable Vietnamese steel importers?AG真人游戏 Steel provides solutions for importing Vietnamese steel to many countries around the world. We have more than 12 years of experience in the field of sourcing and purchasing support for importers from the US, Europe, Australia, ASEAN,... helping customers connect with Vietnam's largest steel manufacturers at competitive prices.Currently, thanks to favorable trade policies and tariffs in import and export, Vietnam has become the main import market for many countries around the world.With the 13th largest crude steel output worldwide and increasingly invested and improved production technology, Vietnamese steel has a leading position in the international market. Therefore, customers are completely assured about product quality and international standards when choosing Vietnamese steel.For any need to learn about the market or steel products from Vietnam, customers can contact AG真人游戏 Steel via Whatsapp: +84 76 911 2358 or Email [email protected] for the most detailed advice.

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.

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 鈧�10 per ton compared to the previous week, reaching a range of 鈧�610-鈧�630 per ton. This price decrease started at the beginning of October, with a 鈧�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 鈧�10 per ton compared to the previous week and 鈧�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 v脿 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.AG真人游戏 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 AG真人游戏 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 拢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 AG真人游戏 Steel via Whatsapp: +84 76 911 2358 for the best support.

Weak business results due to the gloomy real estate market forced businesses to cut costs to maintain operations. These are the difficulties and challenges that the China steel industry has to face.Recently, China's large steel enterprises have announced that their business profits have decreased. It also mentioned obstacles that China steel enterprises are expected to face in the second half of this year. It is known that the reasons for these obstacles stem from low consumption demand and pressure to cut costs.According to the China Iron and Steel Association (CISA), this industry has reached a critical turning point in demand. CISA also concurs with the view of low consumption and persistently thin margins.In the first 5 months of the year, nearly half of China's giant steel mills had a loss in business results; although the number of orders increased, sales still declined. These are also two big problems that China's steel enterprises have to face at this time.China is known as the country with the most developed steel industry in the world, with more than 50% of steel production being produced in Chinese factories. However, the majority of input materials for steel production are imported from Australia and Brazil.China's steel market has just recovered due to the impact of the COVID-19 epidemic and the crisis in the real estate market. The real estate market and infrastructure construction account for about 60% of China's steel demand. However, infrastructure investment stimulus programs have slowed, while the real estate market is also growing slowly. Meanwhile, the Chinese government continues to encourage mergers and cuts to address persistent oversupply. It can be said that China's steel industry is undergoing reform, but progress is relatively slow.The Chinese government has not yet taken drastic measures to boost the country's domestic demand for steel. The profit of the steel industry is low, but the price of input materials for steel production is relatively high. This affects steel prices, leading to a gloomy domestic consumption market.In the context of weak domestic demand, forcing China steel enterprises to boost exports. However, the fact that factories boost exports to free up inventories means that selling prices are continuously falling. In May, the country's steel export price fell below $1,000 per ton ($920 per ton).According to a report by Marubeni Research, the level of oversupply (determined by subtracting consumption from crude steel production) in the first five months of 2023 has reached the highest level in the past seven years of the China steel industry.

China's steel export output is forecasted to reach a record level in the past 7 years when the export volume from January to May has reached 36.4 million tons. The declining domestic demand and the depreciating currency have encouraged manufacturers in this country to promote exporting to deal the inventories.China's steel export is predicted to hit a new record in 2023Recently, some analysts indicated China will reach the steel export milestone in 2023 with an output in the range of 66-77 million tons, this is the highest milestone for 7 years ago. Specifically, in the time of period from January to May 2023, China's steel exports reached 36.4 million tons and increased by 41% over the same period last year. This development trend is expected to continue until the end of the year. It is possible that the total export volume of China by the end of 2023 will increase by 10% compared to 2022.Customs data shows that China's steel exports in May reached 8.36 million tons, which is the highest figure since September 2016. There are also some predictions that steel export volumes may decrease in June but very quickly it will grow again in July and August due to strong demand coming from Korea and Southeast Asian countries.China鈥檚 steel export volume is likely to hit a new record in 2023The reasons for China's steel exports surgeSome of the reasons for the sudden steel export output in this year come directly from the weakening domestic demand and the decreasing of the yuan. The chaotic domestic steel industry has forced steel producers in China to shift exports to overseas markets with higher demand in order to deal with inventories.Production increases but domestic demand weakensChina's real estate began to weaken in 2022, this recession dealing a strong affection to domestic steel manufacturers because the construction sector has always been the largest steel consuming sector. Construction projects in the real estate sector here from January to May have decreased by more than 7% compared to the same period last year.On the other hand, steel production output has reached the optimal level, at the end of June, blast furnace utilization rate (BAF) among 247 steel mills reached 92%, this is an all-time high number since 2021 to present. The constant increase in productivity while the demand from real estate is weakening has made the factories here look to export as a solution to reduce the inventory load.The Yuan depreciatesThe yuan has depreciated by nearly 7% against the US dollar since the beginning of the year. The fall renminbi exchange rate has brought opportunities for steel exporters in China as the export prices will be cheaper and provide them some advantages with the other manufacturers abroad. Beside that, the low price steel from China producers brings competition to other exporting countries.Consumption demand increased in some areasIn the context of the global economic recession, which has significantly affected the demand for steel in many countries. However, there are still some countries in the Middle East and North Africa that have shown strong consumption in the half of 2023. Currently, Middle Eastern countries are gradually investing in infrastructure projects to boost the economy instead of depending on oil as before, so the amount of steel imported from China entering this region has grown very strongly.The inflation situation in countries in Southeast Asia has made it easier to import Chinese steel because the price is extremely cheap. In addition, the demand for steel in some countries in this region is also boosted by some infrastructure projects sponsored by China contractors. However, Vietnam was out of the forecast because the demand for steel in Vietnam in May decreased by 15% compared to the previous month, the reason coming from the slow construction activities and projects.Some regions have high steel importing from ChinaSome risks of trade remedies from China's steel exportsThe growth in China's steel export generated concern for many steel producers in other importing countries due to fierce price competition. Some experts say that Chinese steel export shipments are harming foreign manufacturers because increased steel imported volume will force domestic steel mills to reduce output.India - a new power in global steel production is considering imposing countervailing duty on steel imports from China. In 2022 last year, India imposed anti-dumping duties on Chinese stainless steel pipes to protect the profits of domestic steel producers.Vietnam's steel industry proactively responds to trade competitionThe increasing steel production along with a favorable price can produce some advantages in exporting but it can also bring trade defense lawsuits. China is considered the world's largest steel producer today, but in fact this country is facing a lot of investigations and a series of anti-dumping decisions from other countries.Vietnam is also a new potential country in the field of steel production, Vietnamese steel products are not only present in the Southeast Asian market but also in Europe and America. However, the rapid increase in export volume means that many other countries will pay attention and domestic steel products will face anti-dumping lawsuits in the future.Facing the risks of trade remedies, the Vietnam Import-Export Department in recent years has promptly established agreements signed between many countries, including Free Trade Agreements (FTAs) such as the Vietnam Trade Union Agreement (FTA) and the Vietnam Trade Union Agreement (FTA); the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Vietnam-EU FTA (EVFTA)... have opened up great opportunities for Vietnam's steel industry to export more easily. 

In October 2021, the European Commission imposed a definitive anti-dumping duty of up to 24.6% on Chinese flat-rolled aluminum products. However, this decision was suspended for 9 months because of specific effects on lines 7060 and 7607 supply. After the review process, the EU lifted this suspension and continued to impose anti-dumping duties on China from July 12, 2022.1. EU: impose temporary anti-dumping duty on flat-rolled aluminum products imported from ChinaOn August 14, 2020, the European Commission received a European Aluminum complaint about the dumping of flat-rolled aluminum imported from China. The products under investigation include plates and roll with a thickness of 0.2 - 6mm as well as coils and strips with a thickness of 0.03-0.2mm, except for aluminum sheets used in the beverage packaging industry, car cover, or aerospace industry application.They are grouped under the HS codes 7606.11.10, 7606.11.91, 7606.11.93, 7606.11.99, 7606.12.20, 7606.12.92, 7606.12.93, 7606.12.99, 7606.91.00, 7606.9 and 7607.11.90.At the conclusion of the investigation, the European Commission implemented anti-dumping measures with duty rates ranging from 19.3 to 46.7% for flat-rolled aluminum products imported from China, effective from 13/04/2021.Specifically, shaped aluminum of Guangdong Haomei New Materials Co Ltd and Guangdong King Metal Light Alloy Technology Co Ltd will be subject to an anti-dumping duty of 21.2%, while that of Press Metal International Ltd is to a duty of 25%. Other companies that "cooperate" in the investigation are 22.1%, and materials from other companies are on duty at 32.1%.2. EU: imposing a definitive anti-dumping duty on flat-rolled aluminum products imported from ChinaBy October 12, 2021, the EC had imposed definitive tariffs of up to 19.1-24.6% on flat-rolled aluminum products imported from China to limit dumping, causing damage to the industry of Europe. Flat-rolled aluminum products are one of the core products of EU steel with a market value of 700 million euros.However, on the same day, the Commission suspended the imposition of anti-dumping measures for a period of 9 months (according to the EU Basic Anti-Dumping Regulation, Article 14) to address market fluctuations that occurred after the investigation phase. The demand for aluminum products in the EU market is increasing, so the imposition of anti-dumping measures at this stage will cause supply disruptions and many other severe effects on trade cooperation with China in the future.3. EU: not to prolong the suspension of the definitive anti-dumping duties on imports of flat-rolled aluminum products from ChinaOn 9 March 2022, the European Commission sent a request to the European Aluminum Association and domestic producers to investigate whether the suspension should be extended or not. After considering market movements during the period of analysis (PoA), fluctuations in the aluminum industry that may occur in the near future, the views of importers, exporters, and the EC have decided not to extend the anti-dumping suspension of AFRPs originating in China.Thus, from July 12, 2022, China's flat-rolled aluminum products will be subject to the prescribed anti-dumping tax rate when imported into the EU.Antaike data show that China exported 380,000 tons of aluminum to the EU in 2021, down 17.6% compared to the same period last year. Under the EU's plan, Chinese exporters will be required to declare a carbon border tax from 2023 and be taxed on products that don't meet carbon emission regulations from 2026. These regulations will significantly affect the export of flat-rolled aluminum products from China to the European market. Besides, the challenges of supplying quality and cheap AFRPs to EU importers will increase in the coming time.