Investigation Conclusion: Hoa Phat may only face a 5.7% anti-dumping tax from Canada, potentially even 0% while many other companies face up to 158.9%

On December 3, 2025, the Canada Border Services Agency (CBSA) announced its final conclusion regarding the investigation into anti-dumping taxes on imported carbon and alloy steel wire from multiple countries, including Vietnam. Hoa Phat has a dumping margin set at 5.7%, a notable decrease from 13.4% in the preliminary results, while other companies face taxes as high as 158.9%. Experts suggest that if Hoa Phat sells its products at or above the ‘Normal Value’, the tax could be 0%. CBSA highlighted that this tax level is not yet official and depends on the decision of the Canadian International Trade Tribunal (CITT), expected on January 2, 2026. In the interim, the temporary tax remains in effect. If the CITT finds significant harm to the domestic steel industry in Canada, an official anti-dumping tax will be imposed; otherwise, the case will end and temporary taxes refunded.