On December 3, 2025, the Canada Border Services Agency (CBSA) announced that Hoa Phat Wire Joint Stock Company would be subject to a 5.7% anti-dumping duty, or even 0% if the export price of galvanized wire to Canada is equal to or higher than the normal value.
This is the final conclusion of CBSA’s anti-dumping investigation, initiated on April 22, 2025, into carbon and alloy steel wire rod imports (galvanized wire) from China, Taiwan, India, Italy, Malaysia, Portugal, Spain, Thailand, Turkey, and Vietnam.
For Vietnam, CBSA set Hoa Phat’s anti-dumping margin at 5.7%, the lowest among investigated companies and over 50% lower than the preliminary margin of 13.4%. Other Vietnamese exporters face a margin of 158.9%.
Hoa Phat’s galvanized wire also benefits from the “normal value” mechanism due to its cooperation during the investigation. If Hoa Phat’s wire exports to Canada are priced at or above the “Normal Value,” the company will not pay anti-dumping duties (0% tax). Only when the export price falls below the Normal Value will a 5.7% duty apply. This advantage significantly boosts Hoa Phat’s galvanized wire exports to Canada.
Meanwhile, other exporters from Vietnam, China, Taiwan, India, Italy, and Spain face duties ranging from 42.7% to 158.9%.
The lowest anti-dumping duty highlights Hoa Phat’s cooperative efforts and data transparency, recognized by Canadian authorities. Hoa Phat’s accounting system is clear and transparent, ensuring accurate and complete data traceability.
In 2025, the EU and India also decided not to impose anti-dumping duties on Hoa Phat’s hot-rolled coil steel exports to these markets.
Galvanized wire is produced by Hoa Phat Wire Joint Stock Company (under Hoa Phat Metal Manufacturing Co., Ltd.). Hoa Phat began manufacturing this product in 2017 to replace imports and has since exported to countries like the US, Canada, Mexico, and Southeast Asia.
Hoa Phat is Southeast Asia’s largest steel producer, ranking among the world’s top 30 steel companies. By 2026, its steel production capacity will reach 16 million tons annually, primarily HRC and high-quality steel, meeting both domestic and international market demands.
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