HCMC – India has decided not to impose anti-dumping duties on hot-rolled coil (HRC) steel exported by Vietnam’s Hoa Phat Group, according to a final ruling issued on August 13 by the Directorate General of Trade Remedies (DGTR).
DGTR said Hoa Phat’s products had a dumping margin within the 0–10% range, which exempts them from tariffs. Other Vietnamese exporters were found to have dumping margins of 20–30% and will face a duty of US$121.5 per ton for five years.
India launched the investigation on August 14, 2024, targeting alloy and non-alloy HRC products, uncoated and unplated, with thicknesses of up to 25 mm and widths of up to 2,100 mm.
The dumping investigation covered January 1, 2023, to March 31, 2024, while the injury review spanned April 2020 to March 2024.
Closing the trading session today, August 27, HPG edged down 1.65% to VND26,750, with a matching volume of nearly 86 million shares. It was the second most actively traded stock on the market.
The VN-Index closed up 5.15 points, or 0.31%, at 1,672.78 points, with 169 winners and 149 losers. Market liquidity improved, with 1.56 billion shares traded for a total value of VND47.35 trillion, up 8.6% in volume and 20% in value over the previous session. Block deals accounted for 85 million shares worth VND2.85 trillion.
VCB remained the highlight in the banking sector, soaring to its ceiling price of VND69,100, with 31 million shares traded. BID gained 2.39% to VND42,800 with 14.87 million shares changing hands.
Lenders SHB, ACB, STB, and HDB increased between 0.4% and 1.4%. SHB took the lead by liquidity with 103.8 million shares changing hands.
On the downside, VPB fell 2.92% to VND33,300, while NAB, TPB, and LPB declined by more than 3%, with LPB dropping the most at 3.74% to VND43,800.
Brokerage stocks saw strong activity. TVB hit the ceiling at VND9,150. VIX gained 5.74% to VND36,850 with over 61 million shares changing hands. VND, ORS and SSI also advanced, while VDS, AGR, and BSI declined.
Among real estate tickers, DXG surged to the ceiling price of VND22,750 with a volume of 70.56 million shares. Other tickers in the sector also posted strong gains.
The HNX-Index showed similar movement, closing up 0.59 point, or 0.21%, at 276.38 points, with 89 gainers and 67 decliners. Trading volume rose 15% to 131.9 million shares, and value increased 21% to VND3.02 trillion compared to the previous session.
