Tel :
Tel :
The U.S. Department of Commerce announced its final determination on Tuesday, confirming that imports of corrosion-resistant steel (CORE) from ten countries and regions, including Vietnam, are subject to dumping and/or subsidization, and has decided to initiate anti-dumping and countervailing duty investigations.
The Department stated, "The final determination indicates that imports of corrosion-resistant steel products from ten trading partners are subject to dumping and/or subsidization."
The products involved in this decision are corrosion-resistant steels widely used in the automotive, home appliance and construction industries, with a total amount involved of US$2.9 billion. hardox 450 steel The import sources include Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates and Vietnam.
The ruling process is not yet complete, and the U.S. International Trade Commission (ITC) still needs to determine whether these imports have caused substantial damage to the U.S. steel industry. hardox 450 steel If the Commission makes a positive ruling, the United States will formally impose anti-dumping and countervailing duties on the relevant imported steel.
For Vietnam, this could have a two-pronged impact. First, the US is a key export market for Vietnamese steel, contributing significantly to the country's overall ferrous industry revenue. Once implemented, tariffs would weaken Vietnam's price competitiveness, reduce future orders, and force companies to urgently seek alternative markets.
Secondly, this ruling highlights the trend of protectionism in the global steel market. hardox 450 steel As major economies increase trade defense measures to protect their domestic industries, Vietnam's steel industry, which has seen strong export growth in recent years, will be more vulnerable to anti-dumping and countervailing duty investigations by the United States and other trading partners.
This situation not only disrupted the international steel supply chain, but also sounded the alarm for Vietnamese manufacturers: Vietnamese steel also needs to accelerate the diversification of export markets, improve product standards, and be prepared to face escalating trade barriers.
