Vietnam decides to impose temporary anti-dumping tariff on China steel products (updated)

China Steel

21/02/2025 10:28

(Adds companies hit by duties, US duties from paragraph 3)
       HANOI, Feb 21 (Reuters) - Vietnam will impose a
temporary anti-dumping levy of up to 27.83% on some hot-rolled
coil steel products originating from China, the trade ministry
said on Friday.
    The tariff is expected to take effect from March 7 and will
be in place for 120 days, the ministry said in a statement seen
by Reuters.
    Among companies hit by the duties are Baoshan Iron & Steel
 600019.SS  and Maanshan Iron & Steel  600808.SS 
    Vietnam launched an anti-dumping investigation in July
following complaints from Vietnamese producers. 
        China's ministries of commerce and foreign affairs did
not immediately reply to faxed requests for comment after
business hours.
  
        Hanoi's move comes after the U.S. administration
announced 25% 
    tariffs
     on all its steel imports earlier this month, which would
take effect on March 4.
  
        The U.S. already imposes anti-dumping duties on multiple
Vietnamese steel exports and producers, in some cases even
higher than 25%.
  
        It is unclear whether U.S. duties on Vietnam's steel
would be applied on top of existing anti-dumping measures.
  

 (Reporting by Amy Lv and Lewis Jackson in Beijing and Phuong
Nguyen and Francesco Guarascio in Hanoi; Editing by Sharon
Singleton)
 ((Phuong.Nguyen@thomsonreuters.com; +84-24-3852-9623;))