Steel imports from VN subject to EU safeguardsThe European Commission (EC) has decided to impose temporary safeguard duties in the form of an import quota on 28 categories of steel from 10 exporting countries, including Vietnam. The temporary safeguard measure is valid for 200 days. The quota assigned to Vietnam’s steel is one million units per year, with a 15% tax. The three steel products of Vietnam that are subject to the duties are alloy and non-alloy cold-rolled steel sheets, metallic coated sheets and stainless cold-rolled sheets and strips. Its voluntary participation in the probe will prove beneficial when it enters major markets in general, and the European Union in particular, in future.

Source: VietNamNet News July 27, 2018 05:15 UTC