Hoa Phat’s hot rolled coil steel escapes EU anti-dumping duties
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 Vietnam, with Hoa Phat Group receiving a duty rate of 0%.
Hoa Phat’s HRC products are now exempt from anti-dumping duties, while other Vietnamese exporters face a rate of 12.1%. HRC imports from Japan are subject to duties ranging from 6.9% to 30.4%, and those from Egypt face a duty of 11.7%.
This outcome enables Hoa Phat to maintain its competitive advantage in the EU market and facilitates downstream Vietnamese exporters using Hoa Phat’s HRC to access the bloc without facing trade barriers.
Hoa Phat’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.
As the largest steel producer in Vietnam and Southeast Asia, Hoa Phat is expected to reach a total design capacity of 16 million tonnes per year by the end of 2025, including 9 million tonnes of hot rolled coil. The company currently holds the largest market share domestically and exports steel to 40 countries and territories.
By September 2025, Hoa Phat is set to complete its sixth blast furnace at the Dung Quat 2 project, raising its total capacity to 16 million tonnes per year — sufficient to fully meet Vietnam’s domestic demand for HRC.
Malaysia lifts anti-dumping duties on Vietnamese steel
VOV.VN - Malaysia has officially removed anti-dumping duties on cold-rolled steel imports from Vietnam and the Republic of Korea, following a sunset review by the Ministry of Investment, Trade and Industry (MITI).
