Vietnam considers removing export duty on stainless scrap

Thursday, 26 September 2013 17:59:54 (GMT+3)   |   Istanbul
       

The Vietnamese government is considering the removal of a 15 percent export duty on stainless steel scrap to reduce the financial burden on domestic stainless steelmakers, according to media reports.
 
The government also is mulling a zero tax rate for one of the country's leading stainless steel manufacturers, POSCO VST Company, said Asia News Network, a network of Asian daily newspapers. Currently, there are no stainless steel furnaces in Vietnam, with stainless steel scrap thus having to be exported to other countries to be refined.

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