Vietnam tariffs on Chinese, South Korean steel

Vietnam slapped five-year tariffs on Chinese and South Korean colour-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 per cent to 34.27 per cent 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 per cent to 19.25 per cent are imposed on steel products from South Korea.

The tariffs are effective October 24, the ministry said.