Vietnamese re-rollers are fretting over a 25% import tariff that the United States is set to impose on steel imports, expecting them to reduce the volumes of finished flat products that they can ship there, market sources told Metal Bulletin on Friday March 2.
This could in turn result in a supply glut of flat steel in Asia, they warned."Vietnamese re-rollers are growing increasingly worried and thinking about what to do once the 25% tariff is imposed because this could mean the loss of a major market for them," a Vietnamese re-roller source said.The top three steel exports from Vietnam to the US are cold-rolled coil, hot-dipped galvanized coil and other metallic-coated coil, according to data from the US Department of Commerce's enforcement...