Hoa Phat alone 'escaped' when EU imposed 12.1% anti-dumping tax on Vietnamese hot-rolled steel coil

On March 14, 2025, the Directorate General for Trade and Economic Security of the European Commission (EC) issued a Notice proposing to impose provisional anti-dumping duties on certain hot-rolled steel products imported into the European Union (EU) from Egypt, India, Japan and Vietnam.

According to this notice, Formosa and other hot-rolled steel exporting enterprises from Vietnam are subject to a provisional tax rate of 12.1%. Japanese hot-rolled steel imported into the EU is subject to a provisional tax rate of 6.9 - 33%, Egypt is subject to a provisional tax rate of 15.6%.

The document also clearly states that it is proposed not to impose provisional anti-dumping duties on imports from Hoa Phat Dung Quat Steel Joint Stock Company.

The products subject to the provisional duties are certain flat-rolled products of iron, non-alloy steel or other alloy steel, whether or not in coils, not further worked than hot-rolled, not clad or plated, originating from Egypt, Japan and Vietnam.

The products excluded from this investigation include Grain-oriented stainless steel or silicon electrical steel; tool steel and special high-hardness tool steel; steel not in coils, not embossed, with a thickness greater than 10 mm and a width of 600 mm or more; and steel not in coils, not embossed, with a thickness of 4.75 mm or more but not exceeding 10 mm and a width of 2,050 mm or more.

The anti-dumping investigation period is from April 1, 2023 to March 31, 2024. The damage investigation period is from January 1, 2021 to March 31, 2024.

It is known that the reason why Hoa Phat's hot-rolled steel coil is not subject to tax is because the product is manufactured on a modern technological line, all production stages are optimized, so it has a competitive price. During the EU investigation, Hoa Phat cooperated closely, proactively provided full relevant data to the EU investigation agency, transparent data, and a clear system are among the factors contributing to Hoa Phat's success in this lawsuit.

The fact that Hoa Phat's hot-rolled steel is not subject to anti-dumping tax shows its level and experience in handling legal issues in the international market. On the other hand, downstream enterprises using Hoa Phat HRC have the opportunity to export to the EU without worrying about the origin and dumping of raw materials.

CafeF