Four Vietnamese steelmakers continue to demand new measures to prevent coated steel sheets shipped from mainland China and South Korea from being sold at cheap prices in the market. A representative from South Korean Posco Company told the Đầu tư (Investment) Newspaper that the dumping has not had significant damage to the domestic businesses. The company has been imposed an anti-dumping tax of 12.4 per cent for the coated steel product. He said the imported steel from South Korea accounted for a small portion of 4.57 per cent in the investigation period in comparison with other imported products including coated steel for high-end markets of automobile and electronic. In addition, the average of coated steel imported from South Korea was US$85 per tonne higher than that of locally produced steel in Việt Nam.

Source: Viet Nam News February 21, 2017 02:49 UTC