On March 14, 2025, the Directorate-General for Trade and Economic Security of the European Commission (EC) issued a notice proposing provisional anti-dumping duties on certain hot-rolled steel (HRC) products imported from Egypt, India, Japan, and Vietnam.
This decision comes as a result of an investigation initiated on August 8, 2024, and is part of a growing wave of trade protectionism in the steel industry.
According to the notice, the provisional duty rates are significant: HRC steel from Japan faces duties ranging from 6.9% to 33%, Egypt at 15.6%, and most Vietnamese companies at 12.1%. Notably, Hoa Phat Dung Quat Joint Stock Company was exempted from these duties.
EU’s Decision on Tariffs
A representative from Hoa Phat attributed this outcome to several factors. Firstly, their HRC steel is produced on modern technology lines, with optimized manufacturing processes, resulting in competitive pricing. During the EU investigation, Hoa Phat actively cooperated by providing comprehensive data to the investigating authority. This transparency and systematic approach to data provision contributed to their success in this case.
The products under investigation include certain flat-rolled products of iron or non-alloy steel, whether or not in coils, excluding stainless steel, grain-oriented silicon electrical steel, high-strength steels, and other specialty steels.
– 08:46 15/03/2025
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