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Update news steel imports
The biggest difficulties facing Vietnam’s steel industry are trade remedies applied by importing countries and supply of materials.
The Ministry of Industry and Trade (MoIT) has extended the time to decide the launch of an anti-dumping investigation on cold-rolled carbon steel coils and sheets imported from China by another 30 days.
VietNamNet Bridge – Hung Nghiep Formosa Ha Tinh Iron and Steel Co Ltd is expected to start test operating the first blast furnace of its multi-billion-dollar steel plant in Ha Tinh Province in June,
VietNamNet Bridge - Steel mills now have to struggle to compete with imports from China. If the Ministry of Industry and Trade (MOIT) does not take temporary safeguard measures, a series of enterprises will go bankrupt.
Ambiguous instructions have led to a disagreement between steel importers and the General Department of Customs about the application of the import code for steel billets.
VietNamNet Bridge – The steel sector has sought Government support to overcome the challenges it expects to encounter this year, owing to supply exceeding demand and the growing pressure exerted by steel imports.