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The Ministry of Commerce of Thailand is investigating and considering expanding anti-dumping measures on hot-rolled coils imported from China. This country's steel is said to be overrun in the Thai market, causing this country's domestic mills to struggle because of excess capacity and low efficiency.Thailand's Department of Foreign Trade may conclude the investigation by June 2024, after receiving an investigation request last year from Sahaviriya Steel, G Steel and GJ Steel, mills of hot-rolled coil, Thailand's biggest. These businesses are struggling because of widespread cheap Chinese steel, which affects the business of domestic steel mills.Information about the petition requesting Thailand's Department of Foreign Trade to investigate the case of 17 Chinese steel mills for alleged anti-dumping duty evasion. Accordingly, the alloys mixed into steel products by Chinese mills to avoid anti-dumping duties have caused quality control problems, leading to the dumping of steel products. According to Thailand's Department of Foreign Trade, Thai authorities found evidence of changing the composition of steel products and dumping by Chinese steel mills.China's hot-rolled steel coils are at risk of evading anti-dumping dutiesSoutheast Asia is China's leading steel export market, but China is currently facing widespread excess supply as the real estate and infrastructure sectors weaken. That forces China to boost exports, in which Vietnam, Thailand, and Indonesia are among China's main export markets; specifically, steel exports of all kinds increased by 39%. In 2023, Thailand will import 63% of its steel output, which will cause the business situation of domestic steel mills to decline, seriously affecting this country's steel industry.Cheap steel from China is the top choice for consumers. With abundant supply, Chinese steel mills offer Thai buyers cheaper prices than domestic steel mills. In 2023, the price of coated steel from China will be 39% lower than that of Thai products; Chinese steel coils will be sold at a 16% discount. Therefore, Thai steel manufacturing enterprises are facing a difficult situation due to declining revenue, which could affect the entire steel industry in this country.In 2017, Thailand applied anti-dumping measures to a series of imported steel products. This is also a wake-up call for Thai steel mills to focus on improving product quality and expanding sales channels to avoid price competition; otherwise, they will lose to high-priced imports. cheap despite government protections.However, in a public hearing before the DFT, steel importers from China in Thailand opposed the petition for an anti-dumping investigation of steel products from China. The reason that the Thailand steel industry lost its competitiveness comes from mistakes in investment decisions.China's hot-rolled coils affect domestic manufacturing enterprisesOpportunities for the Vietnam steel industryWith hot-rolled steel coils from China being investigated for anti-dumping by Thailand, a new opportunity has opened for the Vietnamese steel export market. With agility, grasping market needs, and boldness in business investment, more and more Vietnamese steel products are exported to Thailand, which is also one of Vietnam's main export markets in Southeast Asia.However, this is also a challenge for Vietnamese steel businesses, forcing businesses to be well prepared for trade defense measures. Therefore, Vietnamese businesses need to continue to improve production and business efficiency by strengthening market forecast analysis and organizing flexible production and business in accordance with market developments. In addition, the government has policies and solutions to create conditions for domestic businesses to promote exports.AG真人游戏 Steel has provided you with information about Thailand's anti-dumping investigation of hot-rolled coils originating from China. However, the investigation has not ended yet. We will continuously update the latest information about the incident.

Recently, the Department of Foreign Trade of Thailand (DFT) announced an investigation into evading anti-dumping (AD) measures on hot rolled steel products, both coil and non-coil, imported from China. The investigation began on September 15, 2023, due to suspicions by the government that China was intentionally altering minor compositions of hot rolled steel to evade AD duties.1. The situation of Thai steel imports from ChinaAccording to the Ministry of Commerce report, Thailand's steel demand shows promising improvements in 2023, but domestic production is on a decline. In the first 6 months of the year, the production volume decreased by more than 10%, especially in 1st quarter 2023 where it fell by over 36%. This has led to an alarming capacity utilization rate of under 30% in Thailand's steel industry. The steel consumption data for the first five months of 2023 shows 7.17 million tons, with a domestic production of 2.81 million tons and imports of 4.99 million tons, increasing by 15.6%. Notably, the import rate of Chinese steel has risen by over 50% compared to the same period in 2022, putting tremendous competitive pressure on domestic steel products.2. Thailand intensifies investigations on hot rolled coil and non-coil steel imports from ChinaFaced with severe threats to Thailand's steel industry due to dumping and surging imports, domestic producers appealed to Thailand's Ministry of Commerce for timely measures. Consequently, on September 15, 2023, the government officially began an investigation into evasion of anti-dumping measures on hot rolled flat steel, both coil and non-coil, originating from 17 Chinese enterprises. The products under investigation are classified under HS codes as HS 7225.3090.022, 7225.3090.023, 7225.3090.024, 7225.3090.042, 7225.3090.090, 7225.4090.034, 7225.4090.090, 7226.911 0,022, 7226,9110,023, 7226,9110,024, 7226,9110. 042, 7226.9110.090, 7226.9190.022, 7226.9190.023, 7226.9190.024, 7226.9190.042 v脿 7226.9190.090.Previously, Thailand had also imposed numerous trade defense measures against imported goods from China to protect the interests of domestic enterprises and the national steel industry.3. Thailand importers benefit from Vietnamese steelThailand is one of Vietnam's main steel export markets, with $281.8 million in iron and steel products and $103.8 million in products made from steel in 2022. With many advantages and tax incentives, many importers have chosen Vietnamese steel for its affordable price and quality.In 2023, the DFT decided to terminate the anti-dumping duty order on alloy-coated zinc aluminum steel products from Vietnamese manufacturers like Hoa Sen Group, Nam Kim Steel Joint Stock Company, Hoa Phat One Member Limited Liability Steel Sheet Company, Vnsteel Thang Long Coated Steel Joint Stock Company, Maruichi Sun Steel Joint Stock Company, Dong A Steel Joint Stock Company, Dai Thien Loc Corporation, NS BlueScope Vietnam Limited Company, and Southern Steel Company.Earlier, on March 25, 2017, the DFT had imposed definitive anti-dumping duties on zinc-aluminum alloy-coated steel, ranging from 4.3% to 60.26%.In addition to AFTA, ACFTA, RCEP, etc., Vietnam and Thailand have participated in and signed numerous bilateral agreements to enhance their economic and trade relationships. Furthermore, both countries, being neighbors in Southeast Asia, benefit from supply chain efficiencies and transportation advantages, leading to time and cost savings.AG真人游戏 Steel is a provider sourcing and delivering quality Vietnamese steel at competitive prices to global markets. If you're looking to save time and cost in understanding the Vietnamese steel industry, please contact AG真人游戏 Steel for expert assistance.