The Ministry announced in a statement that the extension of the provisional anti-dumping duty has expired and will be replaced by final tariffs with rates ranging from 11.37% to 18.81%. This means that the temporary measures introduced in April will be replaced by a permanent tax structure.
The highest tariff rate of 18.81% will be applied to Yongjin Metal Technology Vietnam. TVL Group companies, such as TVL Joint Stock Company and TVL Steel Production and Construction Joint Stock Company, will face a tariff of 11.37%. Other Vietnamese STS CR suppliers will also face the same 11.37% tariff.
The anti-dumping investigation, which was launched in May 2024, has reached the final stage, while Vietnamese exporters have made no price increase commitments to the South Korean government. The Trade Commission recommended the Ministry of Strategy and Finance not to accept the price increase offers of Yongjin Metal and TVL Group.
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