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Vietnam - Anti-dumping investigation on hot-rolled steel products originating from India and China

On July 26, 2024, the Ministry of Industry and Trade issued Decision No. 1985/QD-BCT on the initiation of an anti-dumping (AD) investigation on certain hot-rolled steel products originating from the Republic of India and the People's Republic of China (Case No. AD20). The detail information on the case is as follows:

(i)                 Petitioner (representative of the domestic industry): Hoa Phat Dung Quat Steel Joint Stock Company and Hung Nghiep Formosa Steel Company Limited;

(ii)              Products under investigation: Hot-rolled steel products classified under HS codes 7208.25.00, 7208.26.00, 7208.27.19, 7208.27.99, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.20, 7208.39.40, 7208.39.90, 7208.51.00, 7208.52.00, 7208.53.00, 7208.54.90, 7208.90.90, 7211.14.15, 7211.14.16, 7211.14.19, 7211.19.13, 7211.19.19, 7211.90.12, 7211.90.19, 7225.30.90, 7225.99.90, 7226.91.10, 7226.91.90, 7226.99.19, 7226.99.99;

(iii)            Period of investigation (POI): from July 1, 2023 to June 30, 2024;

(iv)            Proposed duty rates by the petitioner: 22.27% for India and 27.83% for China;

(v)              Expected deadline for interested parties to register: October 17, 2024 (60 working days from July 26, 2024).

Next steps:

According to the regulations, after initiating the investigation, the Investigating authority will send the investigation questionnaire to the interested parties to collect information for the analysis and assessment of: (i) the dumping margin; (ii) the injury to the domestic hot-rolled steel industry; and (iii) the causal link between the dumping practice and the injury to the domestic industry. The Investigating authority encourages the interested parties to cooperate and provide complete and accurate information as required to protect their interests.

The Investigating authority will verify the information provided by the interested parties before finalizing the official investigation conclusion on the case. At the same time, the Investigating authority will also organize a public consultation for the interested parties to directly exchange information, provide input, and express their views on the case before reaching the final conclusion.

According to the provisions of the Law on Foreign Trade Management, the investigation will be completed within 12 months from the date of the investigation decision. In special cases, this period may be extended, but the total investigation time shall not exceed 18 months./.