Vietnam imposes duties on Chinese and South Korean steelmakers

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.