Vietnam to be lower because of rising steel prices of finished steel import duty in Vietnam, "Saigon Economic Times" reported on October 11, Vietnam Steel Association (VSA), said Vietnam imported 50% of billets by the impact of higher international market prices. Vietnam is now building for the 11 million VND per tonne of steel (about $ 683), the highest in history. To this end, the Vietnamese Ministry of Finance plans to extend the existing import duty on finished steel from 8% to 2%. Reported that, as China, India and Russia and other major suppliers of steel billets to reduce domestic demand and increasing exports, combined with China's steel billet export tax is proposed 15% increase from the current 25% and other reasons, the Vietnamese market, billet prices are as high as 610 per ton -618 U.S. dollars, and no deterioration. August of this year compared to 100 U.S. dollars per ton of steel billet prices, an increase of $ 200.
