Thus, the imported CRC from Japan would be taxed by 26.39%, and South Korea would be taxed by 3.84%, except POSCO, one of the leading steelmakers in South Korea, which no need to afford any import tariffs.For Chinese steelmakers, Maanshan Iron and Steel Co Ltd would face a 4.76% import tariff while those from Angang Steel Co Ltd were subjected to a 4.82% duty, some of the Chinese manufacturers would face a 26.38% duty.
For Vietnam, POSCO Vietnam Co Ltd faced a 7.7% tariff while other producers were subjected to a 20.13% tariff.Malaysia’s Ministry of International Trade and Industry (MITI) said on December 25th, the Royal Malaysian Customs Department would levy the anti-dumping duties on CRC from China, Japan, South Korea, and Vietnam, this measure would be effective for five years, from December 25th, 2019 to December 24th, 2024