Nov 13, 2016

vietnam steel or china steel ?

Thép Trung Quốc xuất qua ngả Việt Nam



The Commerce Department on Monday launched two new investigations into whether Chinese steelmakers are shipping metal to the U.S. via Vietnam to evade U.S. import tariffs.

The moves follow complaints made in September by U.S. makers of steel, who say Chinese mills are making steel and then shipping it to Vietnam for processing, in effect laundering the steel as Vietnamese.

Vietnam has emerged as the U.S.’s biggest new source of steel this year, with imports from Vietnam increasing to 556,000 metric tons during the first nine months of 2016, from 36,000 tons in the first nine months of last year, a surge that helped to deflate domestic steel prices and keep pressure on profit margins in the U.S. 

Source: WSJ