Based on the request from five domestic companies (including Hoa Sen Group Joint Stock Company; Nam Kim Steel Joint Stock Company; Ton Phuong Nam Company; Dong A Steel Joint Stock Company; and China Steel & Nippon Steel Vietnam Joint Stock Company), the Ministry of Industry and Trade has initiated an anti-dumping investigation into certain galvanized steel products imported from China and South Korea.
According to customs data, as of the end of March 2024, the investigated volume of imported galvanized steel products over the past 12 months reached 454,000 tons, a 91% increase compared to the same period the previous year. Notably, even after the Ministry of Industry and Trade initiated the investigation, the import volume of galvanized steel from China and South Korea continued to rise significantly. In just the last 9 months of 2024, the import volume approximated 382,000 tons, a 20% increase compared to the same period.
In light of the above context, to prevent the rapid increase in galvanized steel imports, which could cause significant harm to the domestic production industry, the Ministry of Industry and Trade issued Decision No. 914/QĐ-BCT on April 1, 2025, regarding the imposition of temporary anti-dumping duties on certain galvanized steel products originating from China and South Korea ("QĐ 914”).
According to QĐ 914, i) the highest tariff rate applied to goods originating from China is 37.13% and from South Korea is 15.67%, and ii) the temporary anti-dumping duties will officially take effect from April 16, 2025, to August 14, 2025, unless extended, modified, or revoked in accordance with legal regulations.
The provisional anti-dumping duty is applied to certain galvanized steel products imported from China and South Korea, classified under the following HS codes: HS 7210.41.11, 7210.41.12, 7210.41.19, 7210.49.11, 7210.49.14, 7210.49.15, 7210.49.16, 7210.49.17, 7210.49.18, 7210.49.19, 7210.50.00, 7210.61.11, 7210.61.12, 7210.61.19, 7210.69.11, 7210.69.19, 7210.90.10, 7210.90.90, 7212.30.11, 7212.30.12, 7212.30.13, 7212.30.14, 7212.30.19, 7212.50.14, 7212.50.19, 7212.50.23, 7212.50.24, 7212.50.29, 7212.50.93, 7212.50.94, 7212.50.99, 7212.60.11, 7212.60.12, 7212.60.19, 7225.92.20, 7225.92.90, 7226.99.11, 7226.99.91 (case code: AD19).
In the coming period, the Ministry of Industry and Trade will continue to conduct on-site investigations of foreign exporting manufacturers and importing companies in order to issue the final conclusion of this case. NexusNovum will continue to monitor the situation and provide updates to our valued Clients as new developments arise.
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