Vietnam's Ministry of Industry and Trade (MOIT) has announced the final decision in its safeguard investigation regarding imports of steel billets and bars into Vietnam.
Accordingly, Vietnam will impose safeguard duties of 23.3 percent on steel billets and 15.4 percent on long steel products for the period between August 2, 2016 and March 21, 2017, 21.3 percent on steel billets and 13.9 percent on long steel products for the period between March 22, 2017 and March 21, 2018, 19.3 percent on steel billets and 12.4 percent on long steel products for the period between March 22, 2018 and March 21, 2019 and 17.3 percent on steel billets and 10.9 percent on long steel products for the period between March 22, 2019 and March 21, 2020.
The products in question currently fall under Customs Tariff Statistics Position Numbers 7207.11.00, 7207.19.00, 7207.20.29, 7207.20.99, 7224.90.00, 7213.10.00, 7213.91.20, 7214.20.31, 7214.20.41, 7227.90.00, 7228.30.10, and 9811.00.00.