Vietnam to impose temporary anti-dumping tariff on China steel products

By Reuters February 22, 2025 | 04:08 am PT

A worker walks past steel rolls in a factory of Hoa Phat Group in the central province of Quang Ngai. Photo by VnExpress/Giang Huy

Vietnam will impose a temporary anti-dumping levy of up to 27.83% on some steel products from China, effective from early March.

The tariff on hot-rolled steel products is expected to take effect from March 8 and will be in place for 120 days, according to a trade ministry document dated Feb. 21. A ministry official confirmed the content of the document.

Among companies hit by the 27.83% duties are Baoshan Iron & Steel and Maanshan Iron & Steel. Guangxi Liuzhou Iron and Steel Group will face duties of 19.38%, the document said.

It also said hot-rolled steel products from India would not face anti-dumping tariffs.

Vietnam launched an anti-dumping investigation in July following complaints from Vietnamese producers.

The government had said that in the January-September period last year Vietnam imported nearly 8.8 million tons of hot-rolled steel, 72% of which originated from China.

The total value of steel and iron ore and steel and iron products imported from China last year was nearly $12 billion, Vietnam's customs data shows.