On September 26, 2025, the European Commission (EC) issued Implementing Decision EU 2025/1919, officially imposing anti-dumping duties on certain hot-rolled steel products (HRC) imported from Vietnam, Egypt, and Japan. Notably, Hoa Phat Group’s hot-rolled steel coils are exempt from these anti-dumping duties.
The current anti-dumping measures do not apply to Vietnamese exporter Hoa Phat Group, including Hoa Phat Dung Quat Steel Joint Stock Company, Hoa Phat Cold Rolled Steel Company Limited, Hoa Phat Sheet Company Limited, Hoa Phat Steel Pipe Company Limited – Hung Yen Branch, Hoa Phat Steel Pipe Company Limited – Binh Duong, and Hoa Phat Steel Pipe Company Limited – Da Nang.
The 0% duty rate allows Hoa Phat to maintain its competitive edge in the EU market. Downstream businesses using Hoa Phat’s HRC can confidently export to the EU without facing origin or pricing barriers.
Hoa Phat’s exemption from EU anti-dumping duties highlights its internal capabilities, international legal expertise, and the maturity of Vietnamese enterprises in meeting stringent global market standards.
Hoa Phat’s success stems from optimizing costs across all production stages, enhancing product quality, and ensuring international standards at competitive prices. Its transparent accounting system ensures accurate and traceable reference data. During the investigation, Hoa Phat proactively provided comprehensive data to EU authorities.
On August 8, 2024, the European Commission (EC) initiated an anti-dumping investigation into hot-rolled steel products from Egypt, India, Japan, and Vietnam imported into the European Union (EU). The investigation period for dumping was from April 11, 2023, to March 31, 2024, and for injury, from January 1, 2021, to March 31, 2024.
On July 16, 2025, the EC issued the final decision in the anti-dumping investigation, exempting Hoa Phat’s hot-rolled steel coils from duties.
In business updates, Hoa Phat reached a milestone of 15 million tons of HRC production on September 20, 2025. The HRC1 plant at Hoa Phat Dung Quat 1 contributed over 13.5 million tons, while the HRC2 plant at Hoa Phat Dung Quat 2 added nearly 1.5 million tons.
Hoa Phat Group is Southeast Asia’s largest steel producer, ranking among the top 30 global steel enterprises. By 2026, its steel production capacity will reach 16 million tons annually, including 9 million tons of high-quality HRC, meeting domestic and international market demands.
Export Goods at Risk of Trade Investigations
The Vietnamese Ministry of Industry and Trade has announced that domestic steel companies are under investigation by the European Commission (EC) for alleged dumping of cold-rolled steel coils. This development comes amidst growing concerns over a range of Vietnamese products potentially facing trade defense measures and anti-dumping probes.
When Will Hoa Phat Break Even on Its High-Speed Railway Steel Rail Project, After Claiming “Never to Define Losses but Still Proceed”?
Leading securities firms estimate that Hoa Phat’s high-speed rail track factory will reach its break-even point once it achieves approximately 70% of its designed capacity, equivalent to an annual output of 500,000 tons.
Daily Investment in HPG: Unlocking Astonishing Returns with Hoa Phat’s ‘Roller’ Strategy
From an initial investment of VND 127,000 on the first trading day, consistently purchasing one share daily for over 4,400 trading sessions would result in a portfolio valued at VND 1.76 billion, achieving a remarkable 1,158% return on investment.
Hoà Phát Agriculture Files for IPO, Anticipated HOSE Listing in December
Hòa Phát’s subsidiary plans to offer up to 30 million shares, priced at no less than 11,887 VND per share. The capital raised will fund production expansion and the development of its farm system.
“Hoà Phát’s Profit Forecast for H2 2025: A Bullish Outlook with Expected 42% Growth”
SSI maintains a positive outlook for HPG’s net profit growth for the second half of 2025 and full-year 2026, projecting increases of 42% and 29%, respectively, compared to the same periods last year. This optimistic forecast is attributed to the contribution of the new capacity from the Dung Quat 2 plant, as well as improved prospects for steel prices.
