越南向中國徵收鋼鐵關稅抑制其激增出口

 Recently Yahoo News on-line picked up the following:

Vietnam Hits China with Steel Tariffs to Fight Surging Exports

Yihui Xie and Katharine Gemmell

Sun, February 23, 2025 at 11:41 p.m. PST·2 min read

(Bloomberg) -- Vietnam will impose anti-dumping tariffs on steel from China, following South Korea and other nations in fighting back against surging supplies from the world’s biggest producer.

The Southeast Asian nation will impose temporary tariffs on some hot-rolled coil starting from early March, according to a statement from the Ministry of Industry and Trade on Friday. Outside China itself, Vietnam is the biggest single buyer of Chinese steel, and hot-rolled coil is a major export product.

China’s sent the most steel overseas in nine years in 2024, as its producers turned to global markets to offset a deep construction slowdown at home. That set the stage for President Donald Trump to propose a blanket 25% tariff on all US imports, and has prompted nations from South Korea to Brazil and India to consider levies.

The flurry of protectionism will pile pressure on Beijing to rein in its billion-ton steel industry after several years of slowing domestic demand. Steel futures in China fell as much as 1.8%, while steelmakers in Vietnam advanced.

Recent tariff decisions “should incentivize the Chinese government to launch another round of supply reform” to boost supply discipline and improve industry profitability, analysts including Jack Shang from Citigroup Inc. wrote in a note.

Vietnam’s temporary tariffs of between 19.38% and 27.83% will come into force on March 7 and last for 120 days. China exported about 8 millions tons of HRC to Vietnam last year, and the tariffs would likely cover about 50% of that volume, Citigroup said, citing discussions with industry players.

The anti-dumping probe was triggered by Hoa Phat Group and Formosa Ha Tinh Steel Corp., two major Vietnamese steelmakers who requested an investigation of imports from India and China last year. The government won’t go ahead with duties on India at this moment, it said.

HRC futures on China’s Shanghai Futures Exchange were 1.3% lower by 3:34 p.m. local time, while iron ore in Singapore was little changed at $107.50 a ton.

Translation

越南向中國徵收鋼鐵關稅抑制其激增出口

(彭博社)－繼韓國和其他國家針對全球最大鋼鐵生產國中國鋼鐵供應激增進行反傾銷之後，越南將對來自中國的鋼鐵徵收反傾銷關稅。

越南工業和貿易部週五發表的聲明稱，這個東南亞國家將從 3 月初開始對部分熱軋捲板(HRC)徵收臨時關稅。中國對外，越南是中國鋼鐵最大的單一買家，熱軋捲板是中國鋼鐵的主要出口產品。

到2024年的九年內，中國的大部分鋼鐵產品是出口到海外，因為中國鋼鐵生產商將目光轉向全球市場，以抵消國內建築業大幅放緩的影響。這為特朗普總統提議對所有美國進口產品徵收 25% 的關稅提供了基礎，並引使韓國、巴西和印度等國也考慮徵收關稅。

在國內需求連續幾年放緩之後，一系列保護主義將給北京帶來壓力，迫使其遏制數十億噸的鋼鐵業。中國鋼鐵期貨下跌1.8%，而越南鋼鐵上漲。

花旗集團的分析師 Jack Shang 在一份報告中寫道，最近的關稅決定 “應該會激勵中國政府啟動新一輪供應改革” ，以加強供應紀律並提高行業盈利能力。

越南19.38%至27.83%的臨時關稅將於3月7日生效，為期120天。花旗集團引述與業內人士的討論結果稱，去年中國向越南出口了約 800 萬噸熱軋卷，加徵關稅的範圍可能涵蓋其中的 50% 左右。

這項反傾銷調查由越南兩大鋼鐵製造商 Hoa Phat Group 及 Formosa Ha Tinh Steel Corp發起，這兩家公司去年申請對來自印度和中國的進口產品進行調查。政府表示，目前不會對印度徵收關稅。

截至下午 3:34，中國上海期貨交易所熱軋捲板期貨下跌 1.3%, 而在新加坡鐵礦石價格基本持平，每噸 107.50 美元。

       So, Vietnam will impose anti-dumping tariffs on steel from China, following South Korea and other nations in fighting back against surging supplies from the world’s biggest producer. Apparently, China is getting more pressure from abroad and a tariff war is also taking place among Asian countries.