Vietnam hits Chinese and South Korea steelmakers with duties
published : 28 Oct 2019 at 10:47
writer: Bloomberg News
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.