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09 Mar
10:06

US tariffs barely affect Vietnam steel sector

US tariffs on steel imports should not have a significant impact on the outlook of Vietnamese steelmakers, according to Viet Dragon Securities. Vietnam's exports to the USA have grown rapidly from a small base, but the domestic market remains the dominant focus, Kallanish notes. Vietnam’s steel exports were up around 33% in 2017 to 4.3 million tonnes, but less than 10% of this went to the USA. Out of a total value of $3.15 billion, exports to the USA a…
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