Deputy Minister of Industry and Trade Nguyễn Sinh Nhật Tân said that the Ministry of Industry and Trade (MoIT) has received a proposal to initiate an anti-dumping investigation of hot-rolled coil (HRC) imported from China from two domestic manufacturing enterprises.On March 19, 2024, two steel manufacturing enterprises, including Hòa Phát Group and Formosa Hà Tĩnh Steel Corporation, sent a request to initiate an anti-dumping investigation to the Trade Remedies Authority of Việt Nam regarding HRC products imported from China to Việt Nam.The reason for this request is the sudden increase in imported steel volume along with a sharp decrease in the price of HRC steel from China.However, other seven businesses operating in the steel and galvanised industry have argued that there is no legal basis to initiate anti-dumping investigations against HRC imported from China to Việt Nam.They are Hoa Sen Group (HSG), TVP Steel Corporation, Nam Kim Steel Joint Stock Company, Đông Á Steel Joint Stock Company, Southern Steel Company, Pomina Steel Corporation, and Vina One Steel Manufacturing Corporation.In the first two months of the year, Việt Nam imported 2.65 million tonnes of iron and steel, nearly doubling against the same period last year. Of which, the volume of steel imported from China was 1.8 million tonnes, an increase of three times in volume and 2.4 times in value.Việt Nam imported 1.89 million tonnes of hot rolled coil in the first two months with a value of over US$1 billion. Of which, the import from China was 1.4 million tonnes, accounting for 74.2 per cent of the total import. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News