Vietnam’s MIT previously granted Malaysia and Kazakhstan exemptions from the tariffs, which amount to 17.3%, in November 2018 after it found that the two countries’ combined billet export volume to Vietnam did not exceed 9% of its total billet imports, market sources in Southeast Asia said.
Vietnam’s MIT did not provide a reason for the tariffs re-instatement in the official announcement.
Fastmarkets MB’s daily import price assessment for billet in Southeast Asia was $455 per tonne cfr Manila on Friday May 31, narrowing downward by $5 per tonne from the previous day, while last Friday’s prices were $5...
