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

On March 3, 2025, the Mexican Ministry of Economy officially initiated an anti-dumping investigation on hot rolled steel imports from China and Vietnam. This move aims to protect Mexico鈥檚 domestic steel industry from the risk of unfair competition posed by low-priced imported goods.Reason for initiating the investigationThe investigation was launched following a petition filed by Ternium M茅xico, S.A. de C.V., one of Mexico鈥檚 leading steel manufacturers. The company alleged that HRC imports from China and Vietnam are being sold at prices lower than their fair market value, causing material injury to the domestic industry. According to the petition, this dumping practice has placed significant pressure on local steel producers, necessitating government intervention to maintain fair competition.The exporters under investigation include:Vietnam: Key exporters including Formosa Ha Tinh, Hoa Phat Group, and JFE Holdings, Inc.China: Major companies such as Ansteel Group, Baoshan Iron & Steel, Jiangsu Shagang Group, among others.Scope and objectives of the investigationAccording to the Mexican Ministry of Economy, the investigation covers hot rolled steel, including flat steel products made of iron or carbon steel, whether pickled or unpickled and uncoated, with a maximum thickness of 25.4mm.The relevant tariff codes fall under HS 7208.10.03; 7208.25.02; 7208.26.01; 7208.27.01; 7208.36.01; 7208.37.01; 7208.38.01; 7208.39.01; 7208.40.02; 7208.51.04; 7208.52.01; 7208.53.01; 7208.54.01, 7208.90.99; 7211.13.01; 7211.14.91; 7211.19.99; 7225.30.91; 7225.40.91; and 7226.91.07 of the Mexican HTS.The dumping investigation period is set from September 1, 2023, to August 31, 2024, while the injury analysis period spans from September 1, 2019, to August 31, 2024. The primary objective of the investigation is to determine whether imported steel from China and Vietnam poses a threat of material injury to Mexican domestic steel industry.The relevant tariff codes for the investigation include HS 7208 and 7211 under the Mexican HTSSince China and Vietnam are classified as non-market economies (NME) by Mexico, the Ministry of Economy has applied the surrogate country methodology to determine the normal value of the imported steel. Specifically, Brazil has been chosen as the reference country, meaning that the price of hot rolled steel in Brazil will be used as a benchmark to compare with the export prices from China and Vietnam. If the export prices are significantly lower than those in Brazil, this may serve as evidence of dumping.Impact on Vietnamese steel enterprisesThis investigation could have a significant impact on major Vietnamese steel manufacturers, particularly Formosa Ha Tinh and Hoa Phat Group, both of which have been actively expanding their exports to Mexico.In July 2022, Hoa Phat successfully exported 8,000 tons of rebar steel to Mexico, marking a significant step in penetrating the North American market. Furthermore, in 2024, Vietnam exported more than 260,000 tons of hot rolled steel to Mexico, with HPG (Hoa Phat Group) and Formosa among the leading exporters.Hoa Phat exported 8,000 tons of rebar to Mexico in 2022To minimize anti-dumping duties, Vietnamese steel exporters should cooperate with the Mexican Ministry of Economy and comply with investigation requirements. They must submit the exporter鈥檚 questionnaire by April 11, 2025, with the option to request an extension if needed.AG真人游戏 is a pioneering company in providing import solutions for Vietnamese steel to international buyers. With a network of Vietnam's largest steel manufacturers, including HPG, Formosa, Hoa Sen, Tay Nam,鈥� AG真人游戏 ensures high-quality products at the most competitive prices. For consultation on the Vietnamese steel market and products, please contact AG真人游戏 via Email: [email protected] or Whatsapp: +84 769 112 358 for dedicated support.

Recently, South Korea has officially imposed anti-dumping duty on steel plates imported from China. This choice was made in light of China's low-cost steel, which severely strained the domestic steel mills and compelled the government of South Korea to take action to safeguard indigenous companies.To know more about the incident, please follow AG真人游戏 Group through the article below.South Korea has officially imposed anti-dumping duty on steel platesReasons for South Korea's anti-dumping duty on China steel platesRecently, China has boosted steel plates exports at low prices, causing many countries to worry about the risk of dumping. In addition to causing significant pressure on Korean steel mills, the result also upsets the market and fosters an unfair competitive environment.Following an examination, the South Korean government came to the conclusion that the domestic steel industry was suffering greatly as a result of steel plates imported from China being sold for less than its true value. Therefore, the country has decided to impose an anti-dumping duty to limit negative impacts and protect domestic enterprises. Chinese steel plates is being dumped in the Korean marketAnti-dumping duty on Chinese steel platesBased on a report from the Korea International Trade Association, anti-dumping duty will be applied to each Chinese enterprise depending on the level of violation. Specifically:China Baowu Steel Group: 27.91%Shagang Group: 29.62%Hunan Valin Xiangtan Iron & Steel and Xiamen ITG Holding: 38.02%Others: 31.69%According to the findings of a preliminary inquiry, there were "sufficient grounds" to infer that dumped imports had seriously harmed the domestic industry, according to The Ministry of Trade, Industry & Energy. Steel mills with serious violations may be subject to higher taxes to minimize negative impacts on the Korean steel industry.An anti-dumping duty will be applied to each enterpriseForecasting steel market trends in the coming timeThe imposition of anti-dumping duty on steel plates from China may help maintain stability in steel prices in the Korean market, but at the same time it will affect supply. A significant step in assisting South Korea in shielding its domestic industry from the pressures of cheap steel is the decision to put anti-dumping tariffs on China steel plates. But this action also poses serious problems for the world steel market, requiring companies to swiftly modify their plans in order to respond to changes in global commerce.The steel industry in China has challengesWhere is the opportunity for Vietnam's steel industry?South Korea's imposition of anti-dumping duty on China steel plates could create many opportunities for Vietnam's steel industry, including:Expanding export market share to KoreaMany Vietnam steel mills are seizing the chance to increase their market share in this industry as a result of South Korea's high tariffs on China steel plates. Vietnam steel can boost exports to South Korea with tariff benefits from trade agreements and product quality.Improve competitivenessVietnamese enterprises can upgrade production technology to improve steel quality to meet Korean standards. Expanding capacity and diversifying products will help reduce dependence on supplies from China, creating a sustainable competitive advantage.Opportunities for collaboration and investment attractivenessKorean steel mills can cooperate with Vietnam partners to maintain stable supply while expanding investment opportunities. Vietnam also has the potential to attract FDI from international steel mills wanting to build manufacturing plants to mitigate the impact of trade barriers.Stabilize selling prices and reduce competitive pressureReducing imports of cheap steel from China helps reduce fierce competition in the regional steel market. Vietnamese enterprises can adjust their selling prices more reasonably and are not under competitive pressure from Chinese steel.Vietnam must take advantage of Korea's anti-dumping of China steel platesProtectionist trade trends may bring long-term advantagesIf many other countries also apply similar measures as Korea, Vietnam's steel industry can benefit when exporting to markets apart from Korea. This is an opportunity for Vietnam to build its own steel brand, creating a sustainable competitive position in the international market.However, to take advantage of these opportunities, Vietnamese enterprises need to improve product quality, optimize production costs, and ensure compliance with international standards.The above article has provided you with the latest information on South Korea's imposition of anti-dumping duty on Chinese steel products, as well as the impact of this policy on the regional steel market and opportunities for Vietnam steel mills. Follow AG真人游戏 Group on a regular basis to stay up to date on global steel market news.

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

T眉rkiye 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真人游戏 Steel and learn through the article below.T眉rkiye imposed anti-dumping duties on HRC import from 4 countriesDetails and developments of the incidentRecently, on October 11, T眉rkiye announced that it will impose anti-dumping duties on hot-rolled coil imported from China, India, Russia and Japan. T眉rkiye's action aims to protect its domestic steel industry, as hot-rolled coils are perceived to create unfair competition, causing damage to local enterprises.T眉rkiye 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 T眉rkiye steel producers such as Erdemir and Isdemir all increased on the stock exchanges. T眉rkiye 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 T眉rkiye 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 T眉rkiye.Participation in Regional Trade Agreements: Vietnam has several free trade agreements with T眉rkiye and other countries, which help reduce tariffs and facilitate steel exports to T眉rkiye.The article on AG真人游戏 Steel has provided you with information about T眉rkiye's imposition of anti-dumping duties on hot-rolled coils imported from China, India, Russia and Japan. Follow AG真人游戏 Steel to receive updates quickly, if you have any questions, please contact us here.

Brazil recently launched an anti-dumping investigation into pre-painted steel products from China and India, as its actions are believed to be an attempt to protect its domestic steel industry from unfair competition.Join AG真人游戏 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鈥檚 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鈥檚 measures come as the world braces for an increase in exports from China, as the world鈥檚 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真人游戏 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真人游戏 Steel for the latest updates on developments in the international and Vietnamese steel markets. 

On May 14, 2024, U.S. President Joe Biden announced an increase in tariffs on $18 billion worth of imports from China, including electric vehicles (EVs), solar panels, semiconductors, iron and steel, in a bid to protect American industries. The tariff increase is expected to significantly impact Chinese exporters, prompting U.S. importers to look for cheaper alternative sources, such as Vietnam.New US tariffs on Chinese imports open doors for Vietnam's booming export marketOn May 22, 2024, the US Trade Representative (USTR) announced proposed amendments to tariffs on Chinese imports, effective from August 1, 2024.ImportCurrent rateNew rateElectric vehicles (EVs)25%100%Semiconductors25%50%Solar cells25%50%Syringes and needles0%50%Some steel and aluminium products*鈥�7.50%25%Lithium-ion EV batteries7.50%25%Lithium-ion non-EV batteries*7.50%25%Battery parts*7.50%25%Some personal protective equipment (PPE)*鈥�7.50%25%Rubber medical and surgical gloves*7.50%25%Natural graphite and permanent magnets0%25%Other critical minerals0%25%Ship-to-shore cranes0%25%The US has imposed additional Section 301 tariffs on these products, including steel and aluminum products, electric vehicles, batteries and semiconductors. These products will face significant tax increases, such as for electric vehicles, quadrupling from 25% to 100%. Other categories such as steel and aluminum products were previously not subject to tax or only 7.5% but will soon be subject to import tax of up to 25%.US proposes steep tariff hikes on Chinese imports, effective August 1, 2024Thus, China is currently subject to both Section 232 and Section 301 tariffs. This means that steel exports from China to the US are subject to a tax rate of up to 50%. Meanwhile, steel from Vietnam is only subject to a 25% tax rate under Section 232. This difference creates a clear competitive advantage for the Vietnamese steel industry in the US market.In response to the increased tariffs on Chinese steel, U.S. steel importers are actively looking for alternative sources of supply and Vietnam has emerged as an ideal choice with many of the following advantages:High-quality productsVietnamese steel is produced according to international standards ASTM, EN, JIS,..., achieving certifications for quality and environmental management systems such as ISO 9001, ISO 14001, OHSAS 18001,... These certifications not only confirm product quality but also ensure a safe and environmentally friendly production process.Large steel mills in Vietnam such as Hoa Phat, Hoa Sen, Formosa,... use modern production lines and advanced technology from the world's leading metallurgical brands like Danieli, Tenova, ... Currently, Vietnam has become self-sufficient in raw material input (HRC), so 100% of products can prove their origin, meet strict international standards, ensuring reliability and stability for construction and industrial projects in the US.Vietnamese steel ensures high quality and reliability for US construction and industrial projectsCompetitive priceWith a 25% tariff under Section 232, Vietnamese steel has a more competitive price than Chinese steel in the current context. This is also the reason why more and more American importers are contacting and looking for Vietnamese steel sources to optimize costs.Favorable geographical locationVietnam is strategically located in Asia, near the world's  major maritime routes, including routes connecting Southeast Asia with North America and Europe. This helps reduce transportation costs and delivery times, a crucial factor in maintaining a stable supply chain.The shipping time from Vietnam to major U.S. ports like Los Angeles, Long Beach, New York, Savannah,... only takes about 30-45 days depending on the specific conditions and schedule of each shipment.Compared to other countries in the region, transit time from Vietnam to the US is equivalent or even shorter due to the development of direct maritime routes and modern port infrastructure in Vietnam. This helps optimize the supply chain and ensure stable supply for U.S. importers.Vietnam's strategic location and efficient maritime routes ensure faster and cost-effective delivery to major US portsStable supplyVietnam has many modern steel plants, ensuring continuous supply capability and meeting large demands from international partners. According to the Vietnam Steel Association (VSA), Vietnamese crude steel output in 2023 reached about 24 million tons, up 8% compared to 2022. Construction steel output reached 11 million tons, up 9% over the previous year. It is forecasted that in 2024, finished steel production could reach 29 million tons, a 6.7% increase compared to 2023. In the first three months of 2024, Vietnam's steel exports reached 3.23 million tons, valued at $2.39 billion, a 40.6% increase in volume and 38.9% increase in value compared to the same period in 2023, with major export markets including the U.S., Italy, and Cambodia.The increase in tariffs on Chinese steel not only impacts trade relations between the US and China but also creates significant changes in the global steel market, opening up opportunities for steel manufacturers in other countries, especially Vietnam. Currently, Vietnam is one of the world's largest steel producers with crude steel output ranking 12th globally. In particular, AG真人游戏 Steel has many years of experience in exporting steel to the US, knowledgeable about products, markets, tariff policies, logistics,... helping importers significantly optimize the time and effort of purchasing Vietnamese steel. Contact AG真人游戏 Steel via Email: [email protected] or Whatsapp: +84 769 112 358 to receive detailed advice from our team of experts!

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.AG真人游戏 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.

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.