HANOI — Vietnam has imposed an anti-dumping levy of up to 27.83 percent on some hot-rolled coil steel products originating from China after a similar temporary tariff expired, the trade ministry said on Monday.
The tariff took effect from July 6 and will be in place for five years, the ministry said in a statement.
In March, the ministry imposed a similar temporary anti-dumping levy that lasted for 120 days.
Among the companies hit by the 27.83 percent duties are Baoshan Iron & Steel and Maanshan Iron & Steel. Guangxi Liuzhou Iron and Steel Group will also face duties of 23.1 percent, higher than the 19.38 percent rate imposed in March, according to the statement.
“Domestic production suffered significant damage,” itsaid. “There is a correlation between the dumped imports from China and damage to the domestic sector.”
Vietnam launched an anti-dumping investigation last July following complaints from Vietnamese producers.
The government had said that in the January-September period of last year Vietnam imported nearly 8.8 million tons of hot-rolled steel, 72 percent of which originated from China.
