Hoa Phat’s HRC steel avoids India's anti-dumping duty, others face tariff
India’s Directorate General of Trade Remedies (DGTR) has issued its final determination in the anti-dumping investigation into hot-rolled coil (HRC) steel imports from Vietnam. Under the decision, HRC produced by Hoa Phat Group will not be subject to anti-dumping duties.
DGTR assessed Hoa Phat’s dumping margin in the 0–10% band, resulting in no duty. Other Vietnamese producers were found to have margins of 20–30% and will face an anti-dumping duty of US$121.50 per tonne, recommended for a period of five years.
The exemption gives Hoa Phat a competitive edge in the Indian market. Downstream manufacturers using Hoa Phat’s HRC can continue exporting to India without trade-remedy or origin-related barriers linked to this case.
DGTR opened the investigation on August 14, 2024, covering alloy and non-alloy HRC — uncoated, not plated or clad — with thicknesses up to 25mm and widths up to 2,100mm, under HS codes 7208, 7211, 7225 and 7226.
Hot-rolled stainless steel coils were excluded. The dumping period of investigation ran from January 1, 2023 to March 31, 2024, with the injury analysis spanning April 2020 to March 2024.
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%.
