The Ministry of Industry and Trade has just received a request to review anti-dumping duties on certain coated steel products imported from China and South Korea after a tax rate of up to 37.13% was applied.

The Ministry of Industry and Trade has announced that it has received applications requesting a review of the application of anti-dumping duties on certain coated steel products imported from China and South Korea, as requested by relevant parties.

According to Decree 86, relevant organizations and individuals have the right to submit applications for a review of currently applied anti-dumping measures. Applications must fully meet the requirements regarding information and documents as stipulated, and the deadline for submission extends until July 14, 2026.

Previously, on August 14, 2025, the Ministry of Industry and Trade issued a decision to officially apply anti-dumping duties on certain coated steel products originating from China and South Korea. The highest duty rate applied to goods from China is 37.13%, while products from South Korea are subject to a maximum duty rate of 15.67%.

The case was initiated following a petition from five domestic steel manufacturers: Hoa Sen, Nam Kim, Ton Phuong Nam, Ton Dong A, and China Steel & Nippon Steel Viet Nam. The companies argued that the dumped import of galvanized steel had negatively impacted domestic production.

The investigation by the authorities has determined that dumping practices have occurred, causing significant damage to the domestic industry, and that there is a correlation between low-priced imports and this damage. This review aims to reassess the necessity and appropriateness of the protectionist measures currently in place.

Following a request from five major steel companies, tariffs on galvanized steel from China and South Korea are being reviewed.

Steel prices in Northern Viet Nam

• Viet Duc Steel: CB240 steel coils are priced at 15,250 VND/kg; D10 CB300 ribbed steel bars are priced at 15,050 VND/kg.
• Hoa Phat Steel: CB240 steel coils are priced at 15,430 VND/kg; D10 CB300 ribbed steel bars are priced at 15,430 VND/kg.
• Viet Sing Steel: CB240 steel coils are priced at 15,150 VND/kg; D10 CB300 ribbed steel bars are priced at 15,250 VND/kg.
• Viet-Italian Steel: CB240 steel coils are priced at 15,150 VND/kg; D10 CB300 ribbed steel bars are priced at 15,230 VND/kg.
• VAS Steel: CB240 steel coils are priced at 15,350 VND/kg; D10 CB300 ribbed steel bars are priced at 14,850 VND/kg.

Steel prices in Central Viet Nam

• Viet Duc Steel: CB240 steel coils are priced at 15,460 VND/kg; D10 CB300 ribbed steel bars are priced at 15,360 VND/kg.
• Hoa Phat Steel: CB240 steel coils are priced at 15,330 VND/kg; D10 CB300 ribbed steel bars are priced at 15,430 VND/kg.
• VAS Steel: CB240 steel coils are priced at 10,100 VND/kg; D10 CB300 ribbed steel bars are priced at 14,750 VND/kg.

Southern Viet Nam steel prices

• Hoa Phat Steel: CB240 steel coils are priced at 15,220 VND/kg; D10 CB300 ribbed steel bars are priced at 15,330 VND/kg.
• VAS Steel: CB240 steel coils are priced at 10,100 VND/kg; D10 CB300 ribbed steel bars are priced at 14,750 VND/kg.
• TungHo Steel: CB240 steel coils are priced at 14,750 VND/kg; D10 CB300 ribbed steel bars are priced at 14,440 VND/kg.

The price of steel rebar for July 2026 delivery on the Shanghai Futures Exchange fell by another 10 yuan, or 0.31%, to 3,171 yuan per ton.

The Dalian Commodity Exchange also saw a red hue as iron ore futures fell 1.57% to 751 yuan/tonne, with the September contract experiencing heavy selling pressure and retreating to 747 yuan/tonne.

The overall decline in global energy prices following signs of geopolitical de-escalation in the Strait of Hormuz has directly reduced logistics costs for raw materials.

In the Chinese market, although a serious coal mine incident in Shanxi disrupted domestic supply and caused a temporary surge in coking coal prices, the overall trend for other raw materials on the DCE exchange remained downward, with coking coal losing as much as 3%.

Source: Vietnam.vn