Vietnam has announced temporary anti-dumping tariffs [1] on certain galvanized steel imports from China and South Korea, aiming to protect its domestic steel industry from unfair competition. The Ministry of Industry and Trade confirmed that the tariffs will take effect on April 16 and remain in place for 120 days.
Under the new measures, Chinese steel manufacturers, including Baoshan Iron & Steel, will face a tariff of 37.13%, while South Korean producers, such as Hyundai Steel, will be subjected to 13.7%. Other South Korean steelmakers will see tariffs of up to 15.67%, with exceptions granted to POSCO, KG Dongbu Steel, and Dongkuk Coated Metal.
The decision follows concerns raised by Vietnam’s steel association, which argued that rising imports from China and South Korea were putting significant pressure on local manufacturers. In February, Vietnam had already imposed anti-dumping duties ranging from 19.38% to 27.83% on certain hot-rolled steel products from China.
Industry analysts suggest that domestic steel producers, including Hoa Sen Group and Nam Kim, could benefit from the tariffs as they reduce competition from foreign imports. The move is expected to stabilize prices and support local production, though it may also lead to trade tensions with China and South Korea.
Vietnam’s steel sector has faced increasing challenges due to fluctuating global demand and trade policies. The government’s latest intervention signals a commitment to safeguarding local industries while balancing international trade relations.
Sources:
[1] Vietnam to impose temporary anti-dumping tariffs on galvanised steel from China, South Korea https://www.reuters.com/markets/commodities/vietnam-impose-temporary-anti-dumping-tariffs-galvanised-steel-china-south-korea-2025-04-04/