News Room - Steel Industry

Posted on 07 Aug 2007

Vietnam may cut steel import duties

It is reported that the Vietnamese government is likely to lower import duties on steel. Sources say that the import duty cut would probably be 2%-3%. The cut would take place for certain products with effect from 8 August. Currently, no official announcement has been made. Followings are the list of tentative duty cut for certain products.

 

• Billet import duty from 5% to 2%
• Construction steel long product import duty from 10% to 8%
• Metallic and color coated steel product import duty from 12% to 10%
• Cold rolled coil import duty from 7% to 5%