6PM Call: Protection Measure Imposed on Color Coated Steel Imports - CTF, Oil and Steel Update
​In the early afternoon, the MoIT has announced the official protection measure on color coated steel imports. This is what RongViet Research expect at the beginning of this year. Besides the import quota of three years, other non-quota products are also under the imposition of 19% tax. This new policy will have a positive impact on the domestic color coated steel makers, particularly HSG and NKG. Not surprisingly, these two stocks has reached their ceiling prices during the session, leading the rally of the steel sectors.
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