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Vietnam considers imposing import tariffs to protect domestic HRC manufacturers-The 21st China (Guangzhou)Int’l Fastener & Equipment Exhibition
1/3/2020 紧固件展-紧固件采购会-国际紧固件展-fastener 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. 紧固件展-2020第二十一届广州国际紧固件及设备展览会-巨浪展览 -The 21st China (Guangzhou)Int’l
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expo, China Fastener expo, Guangzhou Fastener expo |
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