U.S. imposes 130% tariff on Vietnamese rebar: Hòa Phát and several steel producers face significant impact

The U.S. Department of Commerce has announced anti-dumping duties of nearly 130% on reinforcing steel (rebar) imported from Vietnam, placing significant pressure on Vietnamese steel exporters. The decision could severely affect several companies in the industry—particularly those linked to Hòa Phát Group—as they risk losing competitiveness in the U.S. market, which has been absorbing tens of millions of dollars’ worth of Vietnamese rebar exports annually.

On March 10, according to the Trade Remedies Authority of Vietnam (Ministry of Industry and Trade), the U.S. Department of Commerce (DOC) issued a preliminary determination in its anti-dumping investigation into reinforcing steel (rebar) imported from Vietnam.

During the investigation, the DOC selected one Vietnamese company as the mandatory respondent and identified around ten affiliated companies associated with the case. The list includes several entities within the Hòa Phát Group ecosystem, such as Hòa Phát Hải Dương, Hòa Phát Dung Quất, and Hòa Phát Hưng Yên.

Provisional tariffs reaching up to 130%

According to the DOC’s preliminary findings, the provisional anti-dumping duties have been set at extremely high levels:

• 121.97% for the mandatory respondent and its affiliated companies

• 130.77% for other Vietnamese exporters

These tariff levels are considered significantly higher than those applied to other countries under investigation. For instance, rebar exports from Bulgaria face a preliminary duty of around 52.8%, while Egypt’s tariffs range from 34.2% to 52.7%.

Exports to the U.S. surged in recent years

Data from regulatory authorities indicate that Vietnam’s rebar exports to the United States have grown rapidly in recent years.

In 2022, export volume totaled just over 43 tons, equivalent to approximately USD 43,000. However, in 2023, shipments surged to 27,700 tons, valued at USD 16.8 million. By 2024, export volume further increased to 56,400 tons, corresponding to nearly USD 30 million.

This rapid growth trajectory is believed to be one of the key factors placing Vietnam’s steel industry under closer scrutiny in U.S. trade remedy investigations.

Enterprises Must Prepare for the Decisive Phase

Following the issuance of the preliminary determination, the U.S. Department of Commerce (DOC) may send additional questionnaires and conduct on-site verifications with Vietnamese companies to validate the information submitted during the investigation process.

Under the current timeline, the final determination of the investigation is expected to be announced in July 2026.

In response to these developments, the Trade Remedies Authority of Vietnam has advised affected companies to carefully review the preliminary findings, work closely with legal counsel to prepare rebuttal submissions, and continue full cooperation with the investigating authorities to minimize potential duties in the final ruling.

Countervailing Duties Significantly Lower

Earlier in early 2026, the U.S. Department of Commerce also released a preliminary determination in the countervailing duty (CVD) investigation concerning reinforcing steel imported from Vietnam, Algeria, and Egypt.

Under the ruling, the provisional countervailing duty imposed on Hòa Phát Group and its affiliated companies was only 1.08%, similar to the rate applied to other Vietnamese exporters.

By comparison, the preliminary subsidy margins for steel from Algeria reached 72.94%, while Egypt faced a rate of 29.51%, both significantly higher than Vietnam.

New Pressure on Vietnam’s Steel Industry

The imposition of such high anti-dumping duties by the United States could significantly undermine the competitiveness of Vietnamese reinforcing steel in the U.S. market, unless the tariff levels are adjusted in the final determination.

This development not only directly affects major Vietnamese steel producers, but also presents a broader challenge for the export expansion strategy of Vietnam’s steel industry, particularly as global trade remedy measures continue to intensify.

According to 24hmoney

Link nguồn: https://24hmoney.vn/news/my-danh-thue-toi-130-thep-viet-nam-hoa-phat-va-loat-doanh-nghiep-doi-mat-cu-soc-xuat-khau-c27a2754844.html?utm_source=24hmoneyapp&utm_campaign=share&utm_medium=article