Chinese steel

Update news Chinese steel

Glut in steel forcing industry leaders to halt programmes

The largest steelmaker in Vietnam is considering a hold on its third blast furnace facility due to concerns with China’s steel presence in the country.

Vietnam trade ministry extends anti-dumping duties on Chinese steel to 5 years

The market share of domestic companies witnessed a decrease during the 2018 - 2019 period and currently reaches 42.8%, indicating foreign companies are selling below their home markets prices.

Imported steel floods into Vietnam

Global steel capacity is forecast to be excessive so steel has been pouring into the Southeast Asia region. 

VSA warns of sanctions against Chinese steel

VietNamNet Bridge – Given the massive imports of steel products from China due to a zero tariff, the Vietnam Steel Association has written to the China Steel Association warning of petitioning anti-dumping duties on steel products

Chinese steel uses tax loophole

 VietNamNet Bridge – Vietnamese steel makers continue to face difficulties in production and business because of fierce competition with Chinese steel products and over supply.

Steel assoc. seeks help against tax-dodging Chinese alloy

VietNamNet Bridge – The Vietnam Steel Association (VSA) has petitioned management agencies to soon arrive at solutions of monitoring products labeled as alloy steel imported from China as it contains a small portion of boron to escape the tax.