The Vietnamese government has taken action to safeguard its domestic steel market by imposing temporary anti-dumping duties on hot-rolled coil (HRC) steel imports from China. This move comes amid growing concerns that underpriced Chinese steel is undermining local producers and distorting market dynamics.
Officials explain that the temporary duties are designed to counteract dumping practices and restore competitive balance in the sector. Although the specific duty rates and duration of the measure have not been disclosed, the policy is expected to provide crucial relief for domestic manufacturers by curbing the influx of low-priced imports.
Industry experts view this step as a proactive effort to protect local jobs and ensure fair pricing, particularly at a time when global trade conditions remain volatile. The measure also signals Vietnam’s commitment to supporting its steel industry and maintaining robust market conditions for its producers.
As the new duties take effect, stakeholders will be closely monitoring their impact on domestic production and international trade flows. Further details on the policy's implementation and its long-term effects on the Vietnamese steel market are expected in the coming weeks.
Vietnam Steel by Hoa Sen Group
