(Bloomberg) -- 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 October 24, the ministry said.
The move follows a five-year extension of anti-dumping duties on some cold-rolled stainless steel products from China, Indonesia, Malaysia and Taiwan, effective October 26, the ministry said last week.
Vietnam is continuing to levy 7.94% tariffs on products from Shanxi Taigang Stainless Steel Co. and 31.85% duties on imports from other Chinese exporters, it said. Tariffs of 10.91% to 37.29% are being extended to products from Malaysian, Indonesian and Taiwanese steelmakers.
(Updates with extended tariffs in 4th paragraph.)
