Vietnam hits Chinese and South Korea steelmakers with duties

Vietnam hits Chinese and South Korea steelmakers with duties

A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China Aug 6, 2018. (Reuters file photo)
A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China Aug 6, 2018. (Reuters file photo)

HO CHI MINH CITY: Vietnam slapped five-year tariffs on Chinese and South Korean color-coated steel products after domestic producers said unfair pricing from overseas competitors caused them to shut down production lines.

Anti-dumping duties of 2.53% to 34.27% are being applied to steel products from China, Vietnam’s Ministry of Industry and Trade said in a statement on its website. Tariffs of 4.71% to 19.25% are imposed on steel products from South Korea.

The tariffs are effective Oct 24, the ministry said.


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