The regulatory agency is reviewing the application for an anti-dumping investigation into Chinese prestressed steel bars. Domestic companies are required to provide production data for the period 2021-2025 before June 30, 2026.

The investigation into Chinese prestressed steel has been officially opened.

The Trade Remedies Department announced that it has completed the review and confirmation process of the anti-dumping investigation request against prestressed steel bars imported from China, confirming that it fully complies with current regulations.

This dossier was submitted to the authorities on April 3, 2026, by businesses representing the domestic manufacturing industry, requesting the application of trade safeguard measures against the aforementioned product.

According to the Law on Foreign Trade Management, within 45 days from the date the dossier is deemed valid, the investigating authority will conduct an assessment before reporting to the Minister of Industry and Trade for consideration and decision on whether or not to initiate an investigation.

The assessment process focuses on two main aspects: evaluating the applicant's representative capacity for the domestic industry and reviewing evidence related to dumping practices and the extent of the impact of imports on domestic businesses.

To provide a stronger basis for assessment, the Trade Remedies Department requests that businesses currently producing or trading similar products provide data on their production capacity, output for the period 2021-2025, and their views on the case.

Information and documents submitted before June 30, 2026, will be crucial in helping the investigating agency objectively assess the current state of the domestic manufacturing industry as well as the impact of the product under investigation.

Domestically, businesses are stabilizing steel prices. Specifically, Hoa Phat quoted prices for CB240 and D10 CB300 at 15,120 VND/kg. Similarly, Viet Y Steel Northern Viet Nam recorded CB240 prices at 14,850 VND/kg. Viet Duc Steel Northern Viet Nam recorded CB240 and CB300 prices at 14,750 VND/kg.

Meanwhile, some other businesses such as VJS Northern Steel quoted prices for CB240 and D10 CB300 at 14,850 VND and 14,750 VND/kg respectively. Thai Nguyen Steel offered CB240 at 14,990 VND/kg and D10 CB300 at 14,890 VND/kg.

July 2026 rebar futures on the Shanghai Futures Exchange (SHFE) rose 0.4% (12 yuan) to 3,195 yuan/tonne. On the Dalian Commodity Exchange (DCE), iron ore futures rose 0.1% (0.5 yuan) to 779 yuan/tonne.

International credit rating agency Fitch Ratings has revised upward its short-term forecast for prices of several steel industry inputs, reflecting the impact of logistics disruptions, rising production costs, and stable demand from steel producers globally, GMK Center reported.

According to its latest report, Fitch has raised its 2026 iron ore price forecast to $100 per ton, higher than its previous forecast of $95 per ton. Simultaneously, its 2027 iron ore price forecast has also been revised upwards from $85 per ton to $90 per ton.

Fitch stated that the primary reason for the forecast revision was the rising shipping costs and logistical challenges stemming from geopolitical tensions in the Middle East. Conflicts related to Iran have driven up fuel prices, leading to higher freight rates on global trade routes. These additional logistics costs have partially offset concerns about slowing global economic growth, thus keeping iron ore prices relatively high.

Source: Vietnam.vn