Vietnam Hits China With Steel Tariffs to Fight Surging Exports
- Southeast Asian nation is biggest importer of Chinese steel
- Temporary duties imposed after complaints from domestic mills
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Vietnam will impose anti-dumping tariffs on steel from China, following South Korea and other nations in fighting back against surging supplies from the world’s biggest producer.
The Southeast Asian nation will impose temporary tariffs on some hot-rolled coil starting from early March, according to a statement from the Ministry of Industry and Trade on Friday. Outside China itself, Vietnam is the biggest single buyer of Chinese steel, and hot-rolled coil is a major export product.