VOV.VN - The Ministry of Industry and Trade (MoIT) of Vietnam on February 21 decided to impose temporary anti-dumping duties on certain hot-rolled coil (HRC) products originating from India and China.

Vietnam spent US$10.48 billion to import nearly 15 million tonnes of steel in the first 10 months of this year, an additional concern of the domestic industry which is struggling to compete with the flood of cheap steel.

The Ministry of Industry and Trade on November 12 announced the termination of anti-dumping duties on cold-rolled stainless steel products imported from China’s Taiwan, Indonesia, Malaysia, and China.

Facing the threat from Chinese steel and the tension of protectionism globally with the possibility of further escalation, whether the 'picture' of the Vietnamese steel industry will be brighter or not in the times ahead continues to form a question mark.

India's Ministry of Finance has just issued an order to impose a tax of 12-30% on some steel products imported from China and Vietnam, including steel pipes and welded stainless steel pipes, to protect its domestic industry.

Vietnam's steel industry is facing fiercer competition from foreign rivals as imported products, particularly those from China, have flooded the domestic market, raising fears of market saturation. Industry experts have warned that without prompt action, domestic producers could be pushed to the brink.

VOV.VN - The European Commission (EC) has extended safeguard measures applicable to imports of certain steel products from several countries, including Vietnam, until June 2026, according to details given by the Vietnamese Trade Office in European nations.

BSI - the UK's leading international certification organisation - has just certified ISO 14064-1:2018 standard on greenhouse gas inventory for steel products of Hoa Phat Dung Quat Steel Joint Stock Company.

With bright signs seen in the last months of 2023, many experts predicted that the domestic steel sector can recover in 2024.

The European Commission (EC) has announced the launch of anti-dumping and anti-subsidy tax investigations into cold-rolled stainless steel products imported from Vietnam, Taiwan (China) and Türkiye, according to the Trade Remedies Authority under the Ministry of Industry and Trade.