BUSINESS

Vietnam Imposes Anti-Dumping Tariffs on Chinese Steel Amid Rising U.S. Pressure

Published: Jul. 9, 2025 3:35 a.m. GMT+8

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A hot rolled steel coil at the Hoa Phat Group production complex at the Dung Quat Economic Zone, Quang Ngai province, Vietnam, on May 16, 2025. Photo: Bloomberg

Vietnam has imposed anti-dumping duties on certain Chinese steel products, a move that analysts said aligns with growing U.S. pressure to curb transshipment and rerouting of Chinese exports through Southeast Asia.

Vietnam’s Ministry of Industry and Trade announced the new tariffs on Monday, saying they had taken effect on July 6 and would remain in place for five years. The duties target hot-rolled steel products originating from China, a key material in industrial manufacturing.

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Vietnam imposed anti-dumping duties (23.1%, 26.94%, 27.83%) for five years on Chinese hot-rolled steel, impacting over 10 major Chinese producers from July 6, 2025.
The move follows a 2024–2025 investigation and rising US pressure against transshipment; Chinese HRC exports to Vietnam fell 43.6% year-on-year January–May 2025.
China exported 110.7 million tons of steel in 2024; protectionism is rising, with 33 trade investigations in 2024 and 14 more in early 2025.

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Who’s Who

China Baowu Steel Group Corp. Ltd.: China Baowu Steel Group Corp. Ltd. (China Baowu) is among the major Chinese steel producers affected by Vietnam's new anti-dumping duties on hot-rolled steel products. These duties, with tax rates up to 27.83%, aim to curb the dumping of Chinese steel at unfair prices in the Vietnamese market.

Ansteel Group Co. Ltd.: Ansteel Group Co. Ltd. is one of Vietnam's major Chinese steel producers affected by newly imposed anti-dumping duties. These tariffs are aimed at hot-rolled steel products from China. The tax rates on affected Chinese steel producers vary from 23.1% to 27.83%.

Beijing Shougang Co. Ltd.: Beijing Shougang Co. Ltd. is one of the more than 10 major Chinese steel producers that will be affected by Vietnam's new anti-dumping duties on hot-rolled steel products. These tariffs, which took effect on July 6 and will remain for five years, aim to counter unfair pricing that has significantly damaged Vietnam's domestic steel industry.

Inner Mongolia Baotou Steel Union Co. Ltd.: Inner Mongolia Baotou Steel Union Co. Ltd., a Chinese steel producer, is among the companies affected by Vietnam's new anti-dumping duties on hot-rolled steel products. These tariffs, ranging from 23.1% to 27.83%, aim to counteract the "substantial damage" caused by alleged dumping of Chinese HRC in Vietnam. The duties, effective from July 6 and lasting five years, are part of Vietnam's efforts to protect its domestic steel industry.

Jiangsu Hebei Iron and Steel: Jiangsu Hebei Iron and Steel is one of more than ten major Chinese steel producers affected by Vietnam's new anti-dumping duties on hot-rolled steel products. These tariffs, which took effect on July 6, aim to curb the dumping of Chinese steel at unfair prices, which Vietnam claims has caused significant damage to its domestic industry.

Shagang Group Co. Ltd.: Shagang Group Co. Ltd. is one of more than ten major Chinese steel producers affected by new anti-dumping duties imposed by Vietnam. These duties, targeting hot-rolled steel products, took effect on July 6 for five years. Shagang Group will face one of three tax rates: 27.83%, 26.94%, or 23.1%.

Hoa Phat Group: Hoa Phat Group is a top domestic steelmaker in Vietnam. The company supports Vietnam's anti-dumping duties on certain Chinese steel products. They view this measure as a way to protect local producers from unfairly priced imports.

Mysteel: On July 7, Mysteel data showed that the export price gap between Chinese and Vietnamese Hot Rolled Coil (HRC) was $42 per ton. This margin is likely to be eliminated due to new tariffs.

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What Happened When

2023：: China exported 9.06 million tons of steel to Vietnam, making Vietnam China’s top steel export market, with HRC accounting for roughly 64%.

2024：: China exported 12.74 million tons of steel to Vietnam, a 40.5% year-on-year increase; HRC continued to account for roughly 64%.

2024：: China exported 110.7 million tons of steel and 6.34 million tons of steel billets, setting an all-time record of around 121 million tons of crude steel exports.

2024：: Chinese steel products were subject to 33 trade remedy investigations, more than the total from 2020 to 2023 combined.

July 2024：: Vietnam launched its anti-dumping investigation into Chinese hot-rolled coil (HRC) imports.

March 2025：: Vietnam began imposing provisional anti-dumping duties on Chinese hot-rolled coil imports.

From January to May 2025：: China shipped 4.08 million tons of steel to Vietnam (down 25.9% year-on-year), with HRC exports dropping 43.6% to 2.31 million tons.

First half of 2025：: 14 trade remedy investigations were launched against Chinese steel exports.

July 2, 2025：: U.S. President Donald Trump claimed a trade agreement with Vietnam was reached, imposing a 20% tariff on all Vietnamese exports to America and a 40% duty on Chinese goods transshipped through Vietnam.

July 6, 2025：: Vietnam's new anti-dumping tariffs on Chinese hot-rolled steel products took effect.

July 7, 2025：: Vietnam’s Ministry of Industry and Trade officially announced the new tariffs and Mysteel data showed the export price gap between Chinese and Vietnamese HRC.

AI generated, for reference only