Vietnam imposes duties on Chinese and South Korean steelmakers

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Vietnam imposes duties on Chinese and South Korean steelmakers

Vietnam had imposed five-year tariffs on Chinese and South Korean color-coated steel products after domestic producers said unfair pricing from overseas competitors forced them to shut down production lines.

According to Vietnam’s Ministry of Industry and Trade, anti-dumping duties of 2.53% to 34.27% are being applied to steel products from China. South Korean steel products are imposed with 4.71% to 19.25% tariffs.

Vietnam will continue to levy 7.94% tariffs on products from Shanxi Taigang Stainless Steel Co. and 31.85% duties on imports from other Chinese exporters. Tariffs from 10.91% to 37.29% will also be imposed on products from Malaysian, Indonesian, and Taiwanese steelmakers.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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