On April 1st, the Ministry of Industry and Trade announced the temporary anti-dumping tax on galvanized steel imports from China and South Korea, following an investigation initiated in June 2024 at the request of five domestic steel companies. The tax rate varies by manufacturer: a maximum of 37.13% for China and 15.67% for South Korea. The decision takes effect 15 days after announcement and lasts for 120 days. The taxed products include flat-rolled carbon steel with metallic coating. Baosteel Zhanjiang in China faces the highest tax of 37.13%, while Hyundai Steel from South Korea is taxed 13.7%. Some companies, such as Boxing Hengrui and POSCO, benefit from a 0% tax rate. Previously, Vietnam also imposed anti-dumping taxes on HRC steel from China.
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