AG������Ϸ

The steel industry in Vietnam has witnessed significant growth in exports to the US market, demonstrating its competitive ability and reliability on the international stage. In the first 7 months of 2024, the US was the largest export market for Vietnamese steel, with 1.11 million tons, generating a revenue of 923 million USD, a 91.3% increase from the previous year. This strong signal indicates the potential for expanded trade relations between the two countries in the near future.Vietnam's steel exports to the US soar, showcasing strong trade growth and future opportunitiesChallenges and opportunitiesDespite challenges such as anti-dumping investigations by the US International Trade Commission, Vietnam has not only maintained but also strengthened its position in the global market. This is thanks to the growth in exports of corrosion-resistant steel products and oil country tubular goods (OCTG), showcasing advanced production capabilities and technology. Specifically, the US imported over 11,000 tons of OCTG products in August 2024 and 565,400 tons of CORE products in the first eight months of the year.According to the US Department of Commerce, in August alone, Vietnam exported 139,800 tons of coated steel, nearly half of which 65,200 tons were hot-dip galvanized coil products, along with 38,100 tons of other metal-coated flat steel products.Forecasts and prospectsThe Vietnam Steel Association (VSA) predicts that domestic steel consumption will increase by 6.4% to nearly 21.6 million tons. At the same time, exports of finished and semi-finished steel products are expected to grow by 12%, reaching nearly 13 million tons, further strengthening Vietnam's position on the global steel map.This impressive growth is supported by significant expansion plans in the Vietnamese steel industry. By the end of 2025, Vietnam will add an annual production capacity of 6.5 million tons of crude steel. Vietnamese steel manufacturers will also continue to implement previously announced projects and plan new facilities.Vietnam's steel industry thrives amid challenges, driving export growth and expanding global presenceIn September 2024, the phase 2 project of the Hoa Phat Group’s integrated steel plant in Nong Quy, Quang Ngai province is expected to complete the installation of a hot strip mill with a capacity of 5.5 million tons per year. The mill can produce sheets ranging from 1.2-25.4mm in thickness and hot coils from 900-1650mm in width. Once installation is completed, the Hoa Phat Group will begin cold trials and machine calibration, with hot trials expected by the end of the year. The production facility will also be equipped with two 2,500m3 blast furnaces (2.5 to 2.8 million tons/year) and a steel conversion workshop, including two continuous slab casters (total capacity of 6 million tons/year). The trial operations will be carried out in two phases: the first phase will be completed in early Q1 2025 and the second phase equipment will start operating in Q4 2025.The strong increase in Vietnam's steel exports to the US not only reflects the superior production capacity and high adaptability of the Vietnamese steel industry but also proves the commitment and continuous efforts to expand the market and improve product quality. This clearly shows that Vietnam is not only a trade bridge but also a reliable steel production partner globally. If customers are interested in learning more about the export process and the import benefits of Vietnamese steel, please contact AG������Ϸ Steel via Email: [email protected] or Whatsapp: +84 769 112 358 for the best support.

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 AG������Ϸ 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 AG������Ϸ 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 AG������Ϸ Steel to receive updates quickly, if you have any questions, please contact us here.

Welcome to the latest Weekly Steel Market Update by AG������Ϸ Steel, where we offer a thorough analysis of the steel industry’s most recent price movements. This report provides essential insights into the fluctuations observed across global steel markets and various product categories. Stay ahead of the curve by diving into the trends and developments shaping the international steel landscape, ensuring you remain informed and ready for shifts in this dynamic sector.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC 3mmVietnam520-525CFR Vietnam �� Nov/Dec shipmentChinaQ235 HRCVietnam525-530CFR Vietnam �� Nov/Dec shipmentChinaSAE1006 50% 2mmVietnam540CFR Vietnam �� Nov/Dec shipmentChinaSAE1006 50% 2mmVietnam530-540CFR Vietnam �� Nov/Dec shipmentTaiwanSPHC/SS400/SAE1006 ��2mmVietnam575CFR Vietnam �� Nov/Dec shipmentIndonesiaSAE1006Vietnam540CFR Vietnam �� Nov/Dec shipmentJapanSAE1006Vietnam545-550CFR Vietnam �� Nov/Dec shipmentChinaWire rod 6.5mm mesh qualityVietnam510CFR HP/HCM �� Nov/Dec shipmentIndonesiaWire rod 6.5mm mesh quality(Not specified)520FOBIndonesiaWire rodThailand520FOBChinaWire rodThailand530CFR Bangkok �� Nov/Dec shipmentIndiaHRC IS2062/E250 BRIndia575-585EXW MumbaiTurkeyHRCTurkey600-620EXW �� Nov/Dec shipmentChinaHRCTurkey565-575CFR Turkey �� Nov/Dec shipmentRussiaHRCTurkey550-560CFR Turkey �� Nov/Dec shipmentTurkeyWire rod mesh quality(Export)620-625FOB TurkeyChinaSAE1006 re-rolling grade 2mmGCC600-615CFR GCC ports �� Nov/Dec shipmentChinaSS400/S235JR 3mmGCC580-590CFR GCC ports �� Nov/Dec shipmentChinaA36/Q195/Q235 3mmGCC565-575CFR GCC ports �� Nov/Dec shipmentGermanyHRCGermany613-657EXW Germany �� Nov/Dec shipmentItalyHRCItaly591-613EXW Italy �� Nov/Dec shipmentTurkeyHRCEU635-646CFR EU main port �� Nov/Dec shipmentIndiaHRCEU640CFR EU main port �� Nov/Dec shipmentTaiwanHRCEU602-613CFR EU ports �� Nov/Dec shipmentKoreaHRCEU613-624CFR EU main ports �� Nov/Dec shipmentJapanHRCEU607-618CFR EU main ports �� Nov/Dec shipmentEgyptWire rodEU (Rotterdam)635-646CFR RotterdamUSAHRCUSA804EXW �� Nov/Dec shipmentUSAHRCUSA804EXW �� Nov/Dec shipmentUSAHRCUSA793EXWKoreaHRCUSA (Houston)727-749DDP HoustonMexicoHRCMexico738EXWChina's steel pricing influence China's steel prices, particularly for HRC, have seen volatility due to a mix of domestic challenges and export pressures. A slowdown in China’s construction sector, especially in the property market, has led to surplus steel production. Moreover, China's ongoing struggles with excess capacity and slower-than-expected recovery in domestic demand contribute to this downward pressure on prices��.Impact of trade policies Trade measures like anti-dumping duties are playing a significant role in the steel market. These policies can lead to price hikes for local buyers as they reduce competition from lower-cost imports��. Similar duties are being applied in Europe and Turkey, which are affecting trade dynamics and could drive prices up in those regions��.Energy costs and secarbonization The steel industry globally is grappling with high energy costs, especially coking coal, which has risen by 50% in 2024��. Steel producers, particularly in Europe and Japan, are facing squeezed margins as input costs rise while demand softens in construction and manufacturing. This has resulted in price disparities across regions - Europe and Japan have higher prices compared to China and Southeast Asia��.Near-term price trends Analysts are forecasting a further decline in global steel prices towards the end of 2024 and into mid-2025. This is attributed to both excess capacity, particularly in China, and slower global economic growth. While Europe and the US may see some price stabilization due to production cuts and energy transitions, Asia could continue facing lower prices due to surplus exports��.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

Vietnam is undergoing a period of robust economic development as it ascends to become one of the world's leading steel-producing nations. This has precipitated a global surge in demand for Vietnamese steel. Consequently,  what documents and import procedures are included to import steel from Vietnam?In this article, AG������Ϸ Steel would like to share about the procedures of importing steel from Vietnam. We invite readers to follow the main content below.Describing the procedures of importing steel from VietnamDetermine the type of imported steelFirst, it is imperative to ascertain the Harmonized System (HS) code of the imported steel product, the quantity to be procured, and the specific technical attributes of the product. Is that item included on the list of import restrictions or import prohibitions?The first step is to identify the steel products that need to be importedExecute the sales contractAfter determining the item to buy, the importer needs to find a supplier, sign a sales contract, and determine the shipping method and delivery method according to incoterms rules. A payment contract is a contract that shows the transaction between two parties. This is a document that will often be required in all sets of documents throughout the goods clearance process. The contract content should include information including: name, quantity of goods, weight, packaging specifications,...Sales contract between exporter and importerCheck import documentsTo import a shipment, the importer needs to prepare the necessary documents and vouchers to carry out import procedures. These documents are required by customs authorities to check and confirm the import rights of goods. Below is a list of main documents required in the import dossier set.Customs declaration: This is a document that registers detailed information about imported goods, including information about origin, value, and other requirements.Sale contract: This contract is signed between the buyer and the seller to determine the terms of the steel purchase transaction.Packing list: This is a detailed list of packing units, quantity and weight of imported goods.Commercial invoice: This invoice provides information about the value of imported goods and other information related to payment.Bill of Lading (B/L): This is an important shipping document, confirming the transportation of goods from origin to destination and proving ownership of the goods.Certificate of Origin (C/O): For some types of steel, a certificate of origin may be required to identify the origin of the goods to enjoy preferential tariffs.Other related documents: Depending on the importing country, other related documents will be required.Above is information about the necessary documents to import steel products from Vietnam. However, if you import steel through AG������Ϸ Steel, our staff will assist you with the documents.The commercial invoice is a particularly important document when carrying out import proceduresReceive Arrival NoticeFrom 1 to 2 days before the ship arrives, the shipping company will send a notification of arrival via email to the importer. After receiving notification of goods arrival, the importer will proceed with customs declaration.Sample of arrival noticeCustoms declarationAfter fully preparing the documents and procedures, the importer needs to proceed with customs declaration to receive customs clearance. Presently, owing to the advent of digital applications, in certain countries, the customs declaration process can be conveniently registered online. Businesses are required to comprehensively complete all information on the declaration form.In many countries, importers can declare onlineGet Delivery OrderDelivery order is a document issued by a shipping company or specialized shipping unit. A delivery order is used to request a unit to store goods at a port or warehouse for the owner of the goods. Delivery orders can be made by the forwarder or the goods owner.Sample of delivery orderPay duties & complete customs proceduresFor imported steel products, importers need to pay taxes to complete customs procedures. At this time, the importer needs a C/O previously provided by the exporter to get preferential tariffs if the two importing and exporting countries have the same trade agreements. In addition, depending on some specific types of goods, businesses also have to pay additional duties, such as environmental duty and special consumption duty.Importers need C/O to get preferential tariffsReceive GoodsThis is the last step the importer needs to do after completing customs procedures and clearance. At this time, the importer needs to receive the goods and load them onto the vehicle to take them to the warehouse.Receive goods is the final step of the steel import proceduresAG������Ϸ Steel - Specializes in supporting steel imports from VietnamAG������Ϸ Steel is a company providing steel import services from Vietnam to steel importers around the world. With many years of experience in the steel field, we will help our partners import steel products from Vietnam quickly and professionally to save costs and quality. We believe that the services of AG������Ϸ Steel will meet the needs of customers because:Fast delivery time.Our professional staff will provide dedicated advice on products, documents, and procedures.Save time and money.AG������Ϸ Steel has provided you with information about the procedures for importing steel from Vietnam. However, if you import steel from Vietnam through AG������Ϸ Steel, the above processes will be optimized, helping you save time and money. Therefore, if you need to import steel from Vietnam, please contact us for advice and support.

One of the commonly used applications of galvanized steel coils is in the HVAC and air ducting. However, many people still do not clearly understand the applications and advantages of galvanized steel coils for HVAC and air ducting.In the article below, AG������Ϸ Steel will help you learn more about the application of galvanized steel coils in HVAC and air ducting.Galvanized steel coils are often used in HVAC systems and air ductingApplication of galvanized steel coils in the HVAC and air ductingIn addition to common applications commonly found in everyday life, galvanized steel coils are often used in HVAC and air ducting. However, what galvanized steel coil is used for in HVAC and air ducting is still unclear to many people. Below, AG������Ϸ Steel will tell you about the applications of galvanized steel coils in HVAC and air ducting.One of the applications of galvanized steel coils in HVAC and air ducting is as ventilation duct systems. Ventilation systems play a very important role in buildings, helping to ensure the circulation and exchange of fresh air from outside to inside, thereby helping to maintain air quality and comfort for users. Currently, galvanized steel coil is the most widely used material in ventilation duct construction because it has high corrosion resistance and aesthetic properties. Ventilation duct systems are often found in large factories, commercial centers, and parking garages. In addition, galvanized steel coil can also be used as an insulation support material in ventilation duct systems, as it can withstand the weight of the insulation and help maintain the original shape of the duct wind.The ventilation system is installed outdoorsAdvantages of galvanized steel coils for HVAC and air ductingAesthetics: One of the unforgettable advantages of galvanized steel coils is high aesthetics. The application of galvanized steel coils in HVAC and air ducting helps the product have a shiny, smooth surface and is easy to clean.High durability: One of the first advantages when mentioning galvanized steel coil products is high durability. The use of galvanized steel coils in HVAC and air ducting helps increase bearing capacity, resist mechanical impacts, and protect the inner steel layer for a long time against environmental impacts.Corrosion resistance: One of the outstanding advantages of galvanized steel coils is their high corrosion resistance. Using galvanized steel coils for HVAC and air ducting industry projects helps to highly limit corrosion resistance and maximize product life.Ventilation system is made of galvanized steel with a smooth surfaceAG������Ϸ Steel - Vietnam's leading galvanized steel coil supplierAG������Ϸ Steel is one of the leading galvanized steel coil suppliers in Vietnam. With more than 12 years of experience in the steel industry, along with a team of experienced personnel ready to advise and serve 24/7, we are committed to bringing you quality products at competitive prices. At AG������Ϸ Steel, we are dedicated to providing customer service and support, which has helped AG������Ϸ Steel become a companion to many partners.We cooperate with leading steel manufacturers in Vietnam, such as Hoa Phat, Ton Dong A, Hoa Sen, TVP,... Currently, products exported by AG������Ϸ Steel have appeared in many countries and regions. Territories such as Mexico, America, Australia, Indonesia, Malaysia,... If you need to import galvanized steel coils in particular and other types of steel in general, please contact us via Whatsapp (+84) 76 911 2358.AG������Ϸ Steel has provided you with information about the applications of galvanized steel coils for HVAC and air ducting. Follow AG������Ϸ Steel to update more useful information.

Welcome to the Weekly Steel Market Update from AG������Ϸ Steel. In this comprehensive report, we provide a detailed analysis of global steel prices, offering insights into price fluctuations across key markets and product categories. We invite you to explore the latest trends and market developments, keeping you well-positioned in the ever-evolving international steel sector.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaHRC Q195Vietnam495-496 CFREarly Nov ShipmentChinaHRC Q235Vietnam496-499 CFREarly Nov ShipmentChinaHRC SAE1006 50% 2mmVietnam500-505 CFROct/Early Nov ShipmentChinaWire rod 6.5mm meshVietnam498 CFRNov ShipmentIndonesiaWire rod 6.5mm meshVietnam502 CFRNov ShipmentKoreaHRC SAE 1006Vietnam500-510 CFRNov ShipmentJapanHRC SAE 1006Vietnam505-510 CFRNov ShipmentJapanWire rod 6.5mm meshThailand502 CFRNov ShipmentChinaWire rod 6.5mm meshThailand480-490 CFRNov ShipmentIndonesiaWire rod 6.5mm meshThailand498 CFRNov ShipmentThailandWire rodThailand500-505 CFRNov ShipmentChinaWire rodPhilippines485-490 CFRNov ShipmentMalaysiaWire rodPhilippines500-505 CFRNov ShipmentPhilippinesWire rodPhilippines485-490 CFRNov ShipmentChinaHRC IS2062/E250 BRIndia568-580 EXWEXW MumbaiIndiaHRCTurkey570-575 EXWEXW PriceTurkeyHRCTurkey485-495 CFRCFR TurkeyRussiaHRCTurkey485-495 CFRCFR TurkeyIndiaHRC S235Turkey530-535 FOBFOB IndiaChinaHRC SAE 1006GCC525-530 CFRNov ShipmentChinaHRC SS400/S235JRGCC515-520 CFRNov ShipmentChinaHRC A36/Q195/Q235GCC500-505 CFRNov ShipmentIndiaHRC SAE 1006EU585-590 CFRNov ShipmentEUHRCEU625-642 EXWEXW GermanyEUHRCEU614-625 EXWEXW ItalyEUHRCEU570 CFRCFR EU PortEUHRCEU530-550 EXWCFR EU PortTurkeyHRCEU540-560 EXWEXW ItalyIndiaHRCEU530-535 CFRCFR AntwerpTaiwanHRCEU575-585 CFRCFR EU PortChina’s export strategy and price fluctuationsThe prices of Chinese HRC for different grades (Q195, Q235, SAE1006) range from $495 to $505 CFR for the Vietnam market, indicating a slight increase over recent weeks. This price rise can be attributed to China's ongoing efforts to stabilize their steel market amidst oversupply and regulatory pressures. However, these adjustments also reflect China's strategy to maintain competitiveness in international markets by keeping prices attractive for key importers like Vietnam��.The Chinese domestic and export wire rod prices also remain competitive in different ASEAN regions, such as Thailand and the Philippines, with offers varying between $485 and $505 CFR.Korean and Japanese competitivenessKorean suppliers like Hyundai, Dongkuk and Posco have set HRC SAE1006 prices in the range of $500-510 CFR for Vietnam, while transactions have been heard at around $490 CFR. This pricing indicates that Korean mills are aiming to stay competitive against Chinese offerings, adjusting prices to maintain market share in Southeast Asia.Japanese HRC prices for SAE1006 remain slightly higher ($505-510 CFR) with potential transaction prices of $500 CFR for the Vietnam market. This suggests that Japanese suppliers are maintaining a premium over Chinese and Korean offerings, possibly leveraging their perceived quality and consistency.India’s domestic price drops and anti-dumping measuresIndia's JSW and Tata have dropped domestic HRC prices (IS2062/E250 BR) to around $568-580 EXW Mumbai, likely due to subdued domestic demand and the impact of regulatory challenges, including import restrictions and BIS licensing issues.Furthermore, anti-dumping measures against Indian imports in regions like Turkey (11.65% margin on Tata Steel) and the EU are influencing India’s export strategy and competitiveness.Europe's steel market dynamicsThe European HRC market has been under pressure from oversupply, with tradable values declining to around ��540-560 EXW Germany and ��530-550 EXW Italy. Demand in key steel-consuming sectors remains low and the competition from external imports has pushed European mills to reduce prices. This situation is aggravated by the ongoing anti-dumping investigation against imports from Egypt, India, Japan and Vietnam, which affects the volume and price dynamics of HRC in Europe.Turkey's Erdemir and other mills are offering at around ��510/mt ($570 CFR), indicating their attempt to remain competitive despite the downward pricing trend in the EU.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

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 AG������Ϸ 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 AG������Ϸ 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 AG������Ϸ 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 AG������Ϸ 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.