Vietnam's Ministry of Industry and Trade has imposed provisional anti-dumping duties on certain coated steel products from China and South Korea. The highest duty rate is 37.13% for Chinese products and 15.67% for South Korean ones. Baosteel Zhanjiang Iron & Steel Co., Ltd. faces the highest Chinese rate, while Hyundai Steel Company is subject to a 13.7% duty in South Korea. Some companies, including Boxing Hengrui New Material and POSCO, are exempt with a 0% duty. The decision aims to protect Vietnam's domestic industry from surging imports, which increased by 91% year-on-year to 454,000 tonnes by March 2024.
