Investigation on Anti-Circumvention of Trade Remedies for Chinese Hot-Rolled Coil (HRC) Steel
•	Initiation of Investigation: On October 27, 2025, the Ministry of Industry and Trade (MOIT) of Vietnam issued Decision No. 3176/QD-BCT to officially initiate an investigation into the anti-circumvention of trade remedy measures applied to certain wide hot-rolled coil (HRC) steel products originating from the People&#39;s Republic of China.
•	Products Under Investigation: Wide HRC steel (thickness from 1.2mm to 25.4mm ; width greater than 1,880mm and equal to or less than 2,300mm).
•	Reasoning: The investigation was launched because the volume of wide HRC imports from China surged dramatically (a 18.9-fold increase compared to the same period) after regular HRC steel (dimensions smaller than 1,880mm from China was officially subject to Anti-Dumping Duties (ADD) in July 2025.Investigation Progress:

o	The Trade Remedies Authority of Vietnam has sent the official investigation questionnaires to known foreign producers and exporters.
o	Response deadline: before 5:00 PM on December, 2025 (Hanoi time).
•	Analyst Assessment (FPTS): The likelihood of China being subjected to additional anti-circumvention duties is considered very high.
HPG is expected to benefit the most if the anti-circumvention tax is applied, as HPG is the only domestic unit capable of producing HRC steel itself amid a severe shortage in domestic supply.


Investigation on Anti-Circumvention of Trade Remedies for Chinese Hot-Rolled Coil (HRC) Steel
•	Initiation of Investigation: On October 27, 2025, the Ministry of Industry and Trade (MOIT) of Vietnam issued Decision No. 3176/QD-BCT to officially initiate an investigation into the anti-circumvention of trade remedy measures applied to certain wide hot-rolled coil (HRC) steel products originating from the People's Republic of China.
•	Products Under Investigation: Wide HRC steel (thickness from 1.2mm to 25.4mm ; width greater than 1,880mm and equal to or less than 2,300mm).
•	Reasoning: The investigation was launched because the volume of wide HRC imports from China surged dramatically (a 18.9-fold increase compared to the same period) after regular HRC steel (dimensions smaller than 1,880mm from China was officially subject to Anti-Dumping Duties (ADD) in July 2025.Investigation Progress:

o	The Trade Remedies Authority of Vietnam has sent the official investigation questionnaires to known foreign producers and exporters.
o	Response deadline: before 5:00 PM on December, 2025 (Hanoi time).
•	Analyst Assessment (FPTS): The likelihood of China being subjected to additional anti-circumvention duties is considered very high.
HPG is expected to benefit the most if the anti-circumvention tax is applied, as HPG is the only domestic unit capable of producing HRC steel itself amid a severe shortage in domestic supply.
