Vietnam applies anti-dumping measures on Chinese cold-rolled steel products

Vietnam applies anti-dumping measures on Chinese cold-rolled steel products

Based on the investigation results from September 2019 to now, the Ministry of Industry and Trade has just issued Decision No.3390 on the application of anti-dumping measures for some cold-rolled steel products in rolls or sheets originating from China and being dumped into Vietnam.
Imported steel rolls at a port in District 7 in Ho Chi Minh City. (Photo: SGGP)

Imported steel floods into Vietnam

Global steel capacity is forecast to be excessive so steel has been pouring into the Southeast Asia region. Risk of excess supply along with difficulties in export markets has made it possible for domestic steel industry to experience a cutthroat competition for market share right on the home ground.