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Update news steel import
The aim of the Ministry of Science & Technology’s Circular No 44 was to tighten control over steel imports and prevent low-quality imports from entering Vietnam. However, it has turned out to be a hindrance to domestic manufacturers.
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The steel exports have been increasing steadily over the last few years, which is believed to be the way out for the domestic oversupply. The steel exports have always been higher than 2 million tons per annum since 2010.