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Vietnam considers imposing import tariffs to protect domestic HRC manufacturers-- The 21st China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
1/3/2020 金屬板材展-棒材-線材展 -plate metal expo-wire expo |
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Vietnam considered imposing tariffs on imported steel flat products to protect domestic steel producers. Firstly, the overseas steel was relatively cheap. Second, the additional capacity in 2020 might lead the oversupply situation to be worse.
Vietnam was one of the few Asian countries which have not set up trade barriers on imported hot-rolled coil (HRC). Market participants said that Formosa Ha Tinh Steel Corporation and Hoa Phat Steel, two of the largest Vietnamese hot-rolled coil manufacturers, had lobbied the Vietnamese government to impose protective tariffs on HRC.
On the other hand, the steel consumers objected to the proposal of levying safeguard tariffs. They worried that the policy would lead to a rise in the production costs. And they also stated that at least half of domestic HRC demand depends on imports.
金屬板材展-線材展-金屬加工展-2020第二十一屆廣州國際金屬板材、棒材、線材及金屬加工設備展—全球三大金屬展之一巨浪展覽
-- The 21st China (Guangzhou) Int’l Plate
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expo.
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