Hanoi, Feb. 24 -- Vietnam's Ministry of Industry and Trade (MoIT) has announced temporary anti-dumping duties on hot-rolled coil (HRC) steel imported from China, with tariffs ranging from 19.38% to 27.83%.

Meanwhile, HRC steel imports from India have been exempted due to their insignificant market share. Under this decision, China's steel under investigation will be subject to the new duties, which will take effect 15 days after issuance and remain in force for 120 days.

The ministry stated that the investigation was conducted in accordance with Vietnam's law on foreign trade management. During the process, authorities collaborated with relevant stakeholders to thoroughly assess the impact of dumped imports on domestic production and ev...