Anti-dumping duty imposed on Vietnam

To protect domestic steelmakers, the finance ministry has imposed anti-dumping duties on specific Vietnamese steel products for five years.

- Dipali Banka & Abhishek Law

Acting on the directorate general of trade remedies’ (DGTR) recommendation, the government has levied a duty of $121.5 per tonne on hot-rolled flat products of alloy and non-alloy steel from Vietnam.

However, according to experts the impact of the tariffs will be minimal.

The duty on hot-rolled coils (HRC) is unlikely to impact the market immediately, as there were no imports of HRC from Vietnam recorded in the first half of FY26, said Dhruv Goel, chief executive officer of Big Mint, a market intelligence firm.

“Instead, importers are bringing in more semi-finished steel like billets and slabs, which are later converted into HRC. Since these imports don’t attract any duty, they serve as an indirect route to bring in cheaper material, putting pressure on domestic steel prices,” said Goel.