Features

Commerce ups Vietnam’s dumping margins in coated trade case

May 28, 2025

The US Department of Commerce has upwardly revised the preliminary anti-dumping margins for Vietnam in the ongoing trade case investigating coated flat-rolled steel (CORE) imports.

In April, Commerce released initial anti-dumping margins for all 10 countries under investigation. At the time, the agency assigned Vietnamese CORE producers dumping margins of 39%-88%.

Days later, however, domestic petitioners in the case pointed out “significant ministerial errors” in Commerce’s calculations, according to a filing published this week in the Federal Register.

Recall those petitioners include Steel Dynamics Inc. (SDI), Nucor, U.S. Steel, Wheeling-Nippon Steel, and the United Steelworkers union.

Commerce looked into the petitioners’ claims and found them to be accurate. It therefore amended the estimated dumping margins, ultimately assigning higher rates to all Vietnamese companies (see below).

Exporter/producer	Previous preliminary AD margin	Recalculated preliminary AD margin
Hoa Sen Group	59.00%	132.10%
Ton Dong A Corporation	39.84%	51.64%
China Steel and Nippon Steel Viet Nam Joint Stock Company	49.42%	91.87%
Hoa Phat Steel Sheet Limited Liability Company	49.42%	91.87%
Maruichi Sun Steel Joint Stock Company	49.42%	91.87%
Tay Nam Steel Manufacturing & Trading Co., Ltd	49.42%	91.87%
TVP Steel Trading Joint Stock Company	49.42%	91.87%
Viet Phap Steel Corrugated Joint Stock Company	49.42%	91.87%
Vietnam-Wide Entity	88.12%	178.89%

Commerce noted the cash deposit rate for the Vietnam-wide entity will be adjusted for subsidy offsets, resulting in a cash deposit rate of 136.57%.

This sprawling trade case is expected to wrap up later this year, with Commerce set to issue final duty determinations on Aug. 26. The International Trade Commission will then make final injury rulings in early October.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.