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The decision to apply temporary anti-dumping measures on hot-rolled steel imported from China aims to control the increase in imports and protect domestic production.
The Ministry of Industry and Trade has just issued a decision to impose temporary anti-dumping tax on hot-rolled steel (HRC) imported from China, with tax rates ranging from 19.38 - 27.83%.
According to this decision, investigated goods from China will be subject to a tax rate of 19.38 - 27.83%, effective 15 days after issuance and applicable within 120 days.
Pursuant to the provisions of the Law on Foreign Trade Management, the Ministry of Industry and Trade has coordinated with relevant units to carefully review and evaluate the impact of dumping of imported goods on the activities of domestic manufacturing industries and the level of dumping by manufacturing and exporting enterprises of India and China.
The investigation results show that although dumping exists, because the import rate of investigated goods from India is insignificant (less than 3%), according to the provisions of Clause 3, Article 78 of the Law on Foreign Trade Management, investigated goods from India are excluded from the scope of application of temporary anti-dumping tax.
According to customs statistics, in 2024, the import volume of hot-rolled steel reached 12.6 million tons, an increase of more than 33% compared to 2023. Notably, after the Ministry of Industry and Trade initiated an investigation in July 2024, the amount of steel imported from China continued to increase significantly, raising concerns about the risk of the domestic market being seriously affected.
Faced with this situation, the Ministry of Industry and Trade has decided to apply temporary anti-dumping measures to control the increase in imports and protect domestic production.
TB (summary)