South Korea Imposes Anti-Dumping Duties on Vietnamese Steel Imports

Apr 24, 2025

The South Korean Ministry of Trade, Industry, and Energy announced that the country's trade regulators have decided to impose anti-dumping duties on cold-rolled stainless steel products from two Vietnamese companies. The Korea Trade Commission (KTC) recommended that the Ministry of Finance levy an 18.81% duty on imports from Yongjin Metal Technology Co and an 11.37% duty on imports from TVL Joint Stock Co over the next five years.

This decision follows a lawsuit filed by South Korean steel giant POSCO Holdings a year ago. The KTC concluded that the dumping of Vietnamese steel products has caused "substantial" harm to the local steel industry.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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