More than 1.28 million tons of steel rods were imported into Vietnam last year, up 47 percent from 2014. More than 1.28 million tons of steel rods were brought into Vietnam last year, up 47 percent from 2014. The rate for steel billets will be 23.3 percent in the first year, before being lowered gradually in the following years. Vietnam imported more than 592,000 tons of steel billets in 2014, up 69.7 percent from the previous year, according to official figures. Meanwhile, the rate on steel rods will be adjusted up to 15.4 percent, starting this August, and then start declining after March 21 next year.

Source: Thanhnien News July 19, 2016 01:07 UTC