To safeguard domestic steelmakers from inbound steel shipments arriving from China and South Korea to the country, Vietnam has imposed a high anti-dumping tariff of upto 38% on imported galvanized steel, according to the Vietnam Competition Agency’s website.
The anti-dumping rates range from 4.02-38.34% for Chinese steel companies and 12.4-19% for South Korean enterprises.
The Vietnam Competition Authority said that the anti-dumping duties will surge import costs and in turn safeguard the domestic market.
Anti-dumping Tariffs on Galvanized Steel from China and South Korea
| Country | No. | Holding company/ exporter | Commercial firm/affiliate | Temporary anti-dumping tax rate |
| China (including Hong Kong) | 1 | Yieh Phui (China) Technomaterial | Chin Fong Metal Pte | 4.02% |
| 2 | Bazhou Sanquiang Metal Products | Sumec International Technology | 7.2% | |
| 3 | BX Steel POSCO Cold Rolled Sheet | Benxi Iron and Steel International Economic and Trading | 38.34% | |
| 4 | Bengang Steel Plates | Benxi Iron and Steel International Economic and Trading | 34.77% | |
| 5 | Tianjin Haigang Steel Sheet | Tianjin Hajinde | 11.87% | |
| 6 | Hebei Iron & Steel, Tangshan Branch | Tangshan Iron & Steel Group | 20.76% | |
| 7 | Wuhan Iron and Steel Company Limited | 1. International Economic and Trading Corporation WISCO 2. Wugang Trading 3. Ye-Steel Trading 4. Steelco Pacific Trading |
25.63% | |
| 8 | Other Chinese holding companies/ exporters | 38.34% | ||
| South Korea | 1 | POSCO | 1. Daewoo International Corporation 2. POSCO Asia 3. POSCO Processing & Service |
12.4% |
| 2 | Other South Korean holding companies/ exporters | 19% |
Earlier on 3 Mar’16, Vietnam’s Ministry of Industry and Trade had initiated anti-dumping investigations into galvanized steel products imported from China, Hong Kong and South Korea.
The country already levied tariffs of 23.3% on billets imported from China, the U.S, Canada, Germany, France, Japan and South Korea.
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