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On August 14, 2024, the Directorate General of Trade Remedies (DGTR) in India officially initiated an anti-dumping investigation into imported Vietnamese HRC steel.According to AG真人游戏 Steel, this investigation was launched at the request of the Indian Steel Association, which represents two major steel producers: JSW Steel Limited and ArcelorMittal Nippon Steel India Limited.India launches anti-dumping investigation into Vietnamese HRC steel importsWhich Vietnamese HRC products are under investigation?The investigation targets HRC products, both alloyed and non-alloyed, not clad, not plated or coated, with a thickness of up to 25mm and a width of up to 2100mm. These products fall under HS codes 7208, 7211, 7225 and 7226. The investigation will focus on the period from January 1, 2023, to March 31, 2024, with damage assessments covering the years from 2020 to 2023.Vietnamese steel alleged to be dumpedIndian steel producers allege that Vietnamese HRC is being imported into India at "dumping prices," causing significant harm to the domestic steel industry. They argue that there are no substantial differences in the physical and chemical properties, production process, technology, functionality or usage between their products and the imported steel from Vietnam.To counter the threat of cheap imports, they have proposed the implementation of anti-dumping duties on HRC imports from Vietnam to safeguard their domestic industry.Indian steelmakers push for anti-dumping duties on Vietnamese HRC importsImpact on the global steel marketThis investigation by India could have wide-reaching implications for the global steel market, particularly for Vietnam, which is among the top 5 steel exporters to India. According to BigMint research, during the fiscal year 2023-2024, India imported 3.55 million tons of HRC and plate steel, of which 620,000 tons (nearly 20%) were from Vietnam. This figure represents a threefold increase compared to the 22,000 tons imported in the fiscal year 2022-2023.Vietnam's steel exports to India triple, facing Indian market scrutinyResponse from VietnamTo respond to this investigation, the Vietnam Trade Remedies Authority has urged domestic businesses to actively cooperate with DGTR by providing comprehensive and accurate information. Additionally, businesses are advised to proactively request relevant information from DGTR to protect their interests in the investigation.As India initiates an anti-dumping investigation into Vietnamese HRC steel, the outcome could have a profound impact on trade relations and reshape the global steel market dynamics. Vietnamese steel producers must stay vigilant, actively participate in the investigation process, and defend their interests. Stay updated on the developments of this case to understand its full implication.

The situation of Vietnam's steel industry in the first 6 months of 2024 is showing positive signs when consumption output shows signs of good growth.To know more about Vietnam's steel industry, please follow the article below with AG真人游戏 Steel.Vietnam's steel industry is showing positive signsBright spots from the domestic steel marketAccording to the report of the Vietnam Steel Association (VSA), in the first 6 months of 2024, finished steel production increased by 10.1% over the same period last year to 14.427 million tons. In addition, sales reached 14.274 million tons, up 14.4% over the same period in 2023. In particular, export output reached 4.216 million tons, up 8.6% over the same period in 2023.Since the beginning of the year, the steel industry has benefited greatly from increased domestic consumption due to the recovery of the real estate market. In addition, the Government is making efforts to promote disbursement and speed up the progress of key projects. This is a bright spot for the recovery of the steel industry.According to the financial report, the highest profit continues to be Hoa Phat Group Joint Stock Company when it achieved a net profit in the second quarter of 2024 of nearly 3,320 billion VND, an increase of 127% over the same period. In the first 6 months of 2024, Hoa Phat recorded a profit after tax of nearly 6,189 billion VND, nearly 3.4 times higher than the same period last year. In the first 5 months of 2024, Vietnam exported about 5.505 million tons of steel, an increase of 25.61% over the same period last year. The export value reached 4.041 billion USD, an increase of 17.19% over the same period in 2023. This is a signal reflecting the recovery of the export market in the last months of 2024 and early 2025.The domestic steel market is gradually recoveringChallenges from trade defenseCurrently, trade defense is one of the major challenges for steel manufacturing enterprises. Recently, the EU has also initiated an investigation into HRC from Vietnam. This requires enterprises to have effective calculations and business strategies, especially to comply with regulations and proactively coordinate in issues related to trade defense.In addition, at the end of July 2024, the Ministry of Industry and Trade decided to investigate and apply anti-dumping measures on some HRC steel products originating from India and China. This decision is beneficial for domestic HRC producers but disadvantageous for many businesses that depend on imported HRC sources. For example, Hoa Phat is focusing on putting the Hoa Phat Dung Quat 2 Iron and Steel Production Complex into operation with the expectation of producing 5.6 million tons of HRC steel per year, bringing Hoa Phat's total crude steel production capacity to over 14 million tons/year.AG真人游戏 Steel has provided you with the latest information about the Vietnamese steel industry. Hopefully, it will help your operations in the near future. If you have a need to buy Vietnamese steel products, please contact us via this form.

The Vietnam steel export report for the first six months of 2024 shows an impressive recovery in the steel industry, with 6.49 million tons exported, generating nearly $4.78 billion. The U.S. accounted for the largest market share with 14.5% of total exports, followed by Italy and Cambodia. With the potential for export growth in the second half of 2024 and the 2025-2027 period, Vietnam鈥檚 steel industry is expected to continue conquering international markets, leveraging its competitive production costs and stable product quality.The Vietnamese steel industry shines globally: 6.49 million tons exported in H1 2024, with the U.S. leading the wayEconomic and social situation in June and H1 2024In June and H1 2024, the economic and social situation continued its positive trend, with many sectors achieving better results than in May and the same period in 2023. The construction sector increased by 7.34%, the highest growth compared to the same period in the years 2020-2024. However, the growth of the steel industry has not been stable, with production and sales of steel products indicating that domestic demand has not fully recovered.Steel production and sales situationJune 2024Vietnamese crude steel production reached 878,343 tons, down slightly by 0.4% m/m but up 27.4% y/y. Finished steel production reached 2.463 million tons, down 4.95% m/m but up 22.4% y/y. Construction steel, HRC, galvanized steel and steel pipes maintained high growth rates, while cold rolled coil (CRC) production decreased by 10.5%.Finished steel sales reached 2.362 million tons, down 7.53% m/m but up 9.3% y/y. Finished steel exports reached over 662,000 tons, up 10.9% m/m but down 8.9% y/y.First six months of 2024Finished steel production reached 14.427 million tons, up 10.1% y/y. Finished steel sales reached 14.274 million tons, up 14.4% y/y, with exports reaching 4.216 million tons, up 8.6% y/y.Steel import and export situationImportsVietnam imported 1.547 million tons of steel in May 2024, up 20.57% m/ and up 84.72% y/y. In the first five months of 2024, Vietnam imported 6.919 million tons of steel with a value of over $5.015 billion, up 50.21% in volume and up 27.47% in value compared to the same period in 2023.ExportsIn May 2024, Vietnam exported 1.117 million tons of steel, up slightly by 0.78% m/m but down 1.37% y/y. The export value reached more than $797 million, down 4.53% m/m and down 14.36% y/y.Top 3 largest export market share in the first 6 months of 2024In H1 2024, Vietnam exported 6.49 million tons of steel, earning nearly $4.78 billion at an average price of $735.8/ton. The U.S. was the largest market, accounting for 14.5% of total volume and 16.5% of total export value, followed by Italy and Cambodia.Export volume Vietnamese types of steel in the first 6 months of 2024Market assessment and forecast for Vietnamese steelThe Vietnamese steel market in H1 2024 has shown positive signs of recovery, with prospects for further export growth in the second half of 2024 and the 2025-2027 period. According to the WSA report, global steel demand is expected to grow slightly in 2024 and 2025, with an average annual growth rate of 2.3%. As one of the largest steel producers in Southeast Asia, Vietnam will continue to benefit from this trend. OECD Steel Market Developments also indicates that steel prices may continue to fluctuate due to changes in raw material supply and protectionist measures from major economies. However, Vietnam has the advantage of competitive production costs and stable product quality, and it will continue to be a major steel supplier to the international market.Top countries importing Vietnamese GI in the first 6 months in 2024In addition, favorable international trade and tariff policies from the U.S. and EU will also be key factors influencing Vietnam's steel exports. Starting August 1, 2024, Chinese steel exports to the U.S. are subject to a tax rate of up to 50%, while Vietnamese steel only faces a 25% tariff under Section 232, making Vietnamese steel a more optimal choice for U.S. importers.For the latest updates on the steel market and Vietnamese steel import-export situation, customers can contact AG真人游戏 Steel via WhatsApp: +84 769 112 358 or Email: [email protected] for 24/7 support.

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!

Recently, the international shipping situation has encountered many major fluctuations due to crises in the Red Sea and trade tensions between the US and China. These attacks have severely impacted international shipping, particularly in key routes connecting the Indian Ocean to the Suez Canal and the Mediterranean Sea. Additionally, China's accelerated export efforts to the US ahead of new tariffs have exacerbated the demand for empty containers, further driving up global shipping costs.Global shipping is under siege as crises in the Red Sea and trade tensions between the US and China send costs soaringImpact of rising container shipping costs due to red sea instabilitySince mid-November 2023, the Houthi group's have attacked on commercial vessels in the Red Sea, especially those they believed were linked to Israel. However, the reality is that they attack without distinction any ships passing through the area. Major shipping lines, such as Maersk, have had to reroute their ships via the Cape of Good Hope, significantly increasing travel time and fuel costs. For instance, the journey from Singapore to Rotterdam now takes approximately 36 days via South Africa, compared to 26 days through the Suez Canal.This diversion adds about 10-15 days to each trip and causes fuel costs to increase significantly. Shipping companies have had to increase freight rates to cover costs, resulting in freight rates from China to Europe rising to $7,000 per 40-foot container, five times higher than pre-COVID-19 levels. Freight rates from Asia to Northern Europe increased to more than 4,000 USD/40-foot container and 5,175 USD to the Mediterranean. For routes from Asia to the US, with rates reaching up to 3,900 USD/container to the East Coast and more than 2,700 USD/container to the West Coast.Houthi attacks in the Red Sea force shipping reroutes, skyrocketing freight rates to unprecedented levelsThese disruptions not only affect the shipping industry but also risk causing global inflation as businesses adjust their prices to account for higher transportation costs. The attacks have also increased insurance costs for ships passing through the Red Sea by 10 times compared to before, adding further financial strain on shipping companies and consumers.Impact on Vietnamese steel exportsThe attacks have reduced the flow of steel and aluminum to Europe via the Suez Canal by about 775,000 tons per month, impacting the global steel supply chain and increasing transportation costs. Rerouting through the Cape of Good Hope adds 10-15 days to shipping times and transportation costs from Vietnam to European ports have nearly tripled, from under $2,000 per 40-foot container in December 2023 to over $5,000 in January 2024.Houthi attacks choke steel flow to Europe, tripling Vietnam-to-Europe shipping costsVietnamese advantage in steel exports amid rising shipping costsFaced with escalating tensions, many countries such as the US and EU countries have deployed military operations to protect commercial ships and maintain maritime security in this area. However, this deployment cannot completely prevent attacks and experts say the situation could continue for a long time without a lasting political solution in Yemen.Despite these challenges, Vietnam's steel exports maintain a competitive edge due to several factors. Firstly, Vietnam's strategic location in Southeast Asia provides proximity to major international shipping routes, reducing shipping time and costs to major markets like Asia, Europe, and the Americas.Amid escalating tensions, Vietnamese strategic location keeps steel exports competitive despite global shipping disruptionsSecondly, Vietnam boasts a well-developed logistics system, featuring major ports such as Hai Phong, Cat Lai, and Da Nang, offering diverse transportation services including container and bulk shipping. Additionally, the abundance of empty containers in Vietnam helps minimize waiting times and rental costs, optimizing export-import processes. These factors enable customers importing steel from Vietnam to benefit from lower shipping costs and more efficient services compared to other countries with limited container availability.The shipping crisis in the Red Sea and trade tensions between the US and China have increased shipping costs and disrupted global supply chains. However, customers importing Vietnamese still have advantages thanks to its favorable geographical location, developed logistics system and abundant empty containers. These strengths help reduce costs and shipping times, enhancing the competitiveness of Vietnamese steel in the global market, especially during these volatile times. Follow AG真人游戏 Steel to get the latest updates on the Vietnamese and global steel industry!

In the first 4 months of 2024, global crude steel production reached 625.4 million tons, down 0.9% over the same period in 2023. Of which, Vietnam's crude steel production reached 7.15 million tons, up 19%, exports 903,000 tons, up 74% over the same period in 2023.In April, Viet Nam exported more than 1.1 million tons of iron and steel of all kinds, +0.9% in volume and +0.04% in turnover, earning 835.14 million USD, average price 752.9 USD/ton. Some key finished steel products include construction steel, HRC, cold rolled steel, galvanized steel, color-coated steel and steel pipes. In addition, mills also promote the production of prime wire rod to replace imports from China and enhance exports to major markets.Vietnamese iron and steel exports thrive, bolstered by key productsVietnamese HRC sales in April reached 491,796 million tons, of which exports reached 145,000 tons, down nearly 50% compared to the same period in 2023. This is the result of the fluctuations in the global HRC market, impacting domestic market conditions. As of mid-May, the average HRC price in Vietnam was 542 USD/ton, down 33 USD/ton compared to March and significantly reduced compared to the beginning of 2023. Currently, Vietnam has 2 large HRC-producing plants: Hoa Phat and Formosa. Despite economic challenges, these mills have maintained stable production and sales, even experiencing growth compared to the same period last year. Specifically, in April 2024, Hoa Phat consumed 252,000 tons of HRC steel, an increase of 5.4% y/y.In the first 4 months of 2024, Vietnam produced over 9.36 million tons of finished steel products of all kinds, +5.7% y/y. Consumption reached 9.35 million tons, +5.5% y/y, exports reached 2.95 million tons, +28.5% y/y.The US is still the largest consumer market for Vietnamese iron and steel, reaching 563,990 tons, equivalent to 496.38 million USD, average price 880 USD/ton, +129.3% in volume, +156.6% in turnover and +11.9% in price compared to the same year last year.Italy ranked second with 595,513 tons, equivalent to $375.92 million USD, average price 631.3 million USD/ton, +23.3% in volume, +7.3% in turnover and -13% in price compared to the first 4 months of 2023. Belgium follows with a 7.6% share of the total volume at 328,782 tons, average price 774.2 USD/ton, +117% in volume, +89.9% in turnover.US remains top buyer of Vietnamese iron & steel, Italy follows closelyIn general, Vietnamese iron and steel exports to major markets in the first 4 months of the year increased sharply in both volume and turnover compared to the same period in 2023.Above are some bright spots about the Vietnamese steel export situation in April and the first 4 months of 2024. Hopefully, the sharing from AG真人游戏 Steel has helped importers better understand the Vietnamese steel market to make the most appropriate purchasing decisions. For any inquiries or consultation needs regarding the import of Vietnamese steel, please contact AG真人游戏 Steel via Whatsapp: +84 769 112 358 or Email: [email protected] for 24/7 support.

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

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

To achieve ResponsibleSteel鈩�  certification, mills must meet strict ESG criteria designed specifically for the steel industry. This is a proud title for the sustainable steel production journey. BlueScope is the first steel mill in Vietnam and Southeast Asia to achieve ResponsibleSteel鈩� certification.NS BlueScope becomes first in Vietnam, Southeast Asia with ResponsibleSteel鈩� certificationThe first steel mill in Vietnam and Southeast Asia to achieve ResponsibleSteel鈩� certificationNS BlueScope is the first mill in Vietnam and Southeast Asia to achieve ResponsibleSteel鈩�  certification. This is also the third factory globally of BlueScope Group to receive this prestigious certification.ResponsibleSteel鈩�  is an international standard for sustainable development specifically for the steel industry. Mills are evaluated based on 13 "Responsible Steel" principles including environmental, social and governance (ESG) standards. The certification demonstrates BlueScope's commitment to sustainable development in Vietnam.Previously, in 20222, BlueScope was also the first and only galvanized steel supplier in Vietnam to be granted a "Green Label" certificate by the Singapore Green Building Council (SGBC) for its key products.NS BlueScope pioneers sustainable steel production in Vietnam and Southeast AsiaAchieving ResponsibleSteelTM certification not only helps the company build a specific development roadmap in sustainable steel production but is also an inspiration for businesses striving to build a strong Vietnamese steel community.Green steel or sustainable production is an emerging trend in developed markets such as the United States, Europe,... To meet sustainable production criteria, businesses are required to comply with higher standards.Not an exception to that trend, since 2015, Vietnamese steel enterprises have continuously researched and improved technology to lead the steel industry to implement green transformation, complying with the commitments of the COP26 Climate Change Summit. The Vietnamese steel industry has developed and become one of the leading manufacturers in ASEAN in terms of production and consumption of finished steel products, ranking 12th in the world in crude steel production by 2023.ResponsibleSteelTM certification inspires Vietnam's steel industry towards sustainability, aligning with global green trendsGeneral introduction about NS BlueScope VietnamNS BlueScope is one of the largest steel sheet manufacturers in Vietnam, part of the Australian NS BlueScope Group. NS BlueScope joined Vietnam's steel industry in 1993, specializing in galvanized steel products such as cold-plated steel, heat-insulating steel, foam steel,... Inheriting experience and production technology from NS BlueScope Australia group, NS BlueScope Vietnam's products are of high quality and exported to many fastidious markets around the world. In recent years, BlueScope has been the only galvanized steel manufacturer in Vietnam to possess Activate鈩� four-layer matrix plating technology - an AM standard that helps protect base steel against all harsh environmental conditions, increasing the lifespan of constructions and enhancing investment efficiency.The above article by AG真人游戏 Steel shared some interesting information surrounding ResponsibleSteel鈩� certification as well as NS BlueScope Vietnam mill. Don't forget to follow AG真人游戏 Steel to read more useful news about the Vietnamese and global steel markets.

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.