Hòa Phát’s hot rolled coil steel escapes EU anti-dumping duties

Hòa Phát’s hot rolled coil steel escapes EU anti-dumping duties

Steel coil transportation activities at the seaport. — Photo hoaphat.com.vn

The European Commission (EC) has issued its final ruling in the anti-dumping investigation into imports of hot rolled coil (HRC) steel from Egypt, Japan and Việt Nam, with Hòa Phát Group receiving a duty rate of zero per cent.

Hòa Phát’s HRC products are now exempt from anti-dumping duties, while other Vietnamese exporters face a rate of 12.1 per cent. HRC imports from Japan are subject to duties ranging from 6.9 to 30.4 per cent, and those from Egypt face a duty of 11.7 per cent.

This outcome enables Hòa Phát to maintain its competitive advantage in the EU market and facilitates downstream Vietnamese exporters using Hòa Phát’s HRC to access the bloc without facing trade barriers.

Hòa Phát’s success is attributed to its strong internal capabilities, transparent governance and experience in international trade law. The company proactively cooperated with EU investigators and provided complete data as requested.

The EC launched the investigation in August 2024, covering the dumping period from April 2023 to March 2024. 

Bizhub