On December 27, 2024, the Ministry of Industry and Trade (MOIT) of Vietnam started the first review of anti-dumping duties on certain cold-rolled steel products from China. The aim of the review is to evaluate whether the removal of existing anti-dumping (AD) measures would lead to a recurrence of dumping and harm Vietnam's domestic steel industry.
The products under review include cold-rolled carbon steel flat products, both alloyed and non-alloyed, with widths under 1,600 mm and thicknesses ranging from 0.108 mm to 2.55 mm. These products fall under various HS codes, including 7209.16.10, 7209.16.90, 7209.17.10, 7209.17.90, 7209.18.91, 7209.18.99, 7209.26.10, 7209.26.90, 7209.27.10, 7209.27.90, 7209.28.10, 7209.28.90, 7209.90.90, 7211.23.20, 7211.23.30, 7211.23.90, 7211.29.20, 7211.29.30, 7211.29.90, and 7225.50.90.
Market experts suggest that overproduction and export shortages in China are leading to stockpile accumulation, with the financial burden being absorbed by the government. Although the Chinese government is providing funding to support struggling industries, such interventions are considered unsustainable and could lead to long-term economic difficulties.
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