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.