steel industry

Update news steel industry

2021 was a prosperous year for steel manufacturers with profits increasing sharply compared with the year before. However, some manufacturers had poor business.

VN steelmakers must stay alert for trade defence measures

Viet Nam's steel exports have increased in recent years. As a result, the sector has attracted attention from other countries and triggered a number of defence measures from some markets.

Vietnam imposes anti-dumping duty on Chinese aluminum imports

The domestic industry has been affected due to the dumping of Chinese aluminum imports in recent years.

Vietnam steel industry not likely to have the best of times in 2020

The Vietnamese steel industry is expected to face difficulties this year due to an increase in production capacity, falling demand and protectionist measures by countries to reduce imports, according to experts.

US duties on steel shipped from VN to have little impact: experts

The US’ imposition of duties of up to 456 percent on certain steel products shipped from Vietnam would not significantly harm the country’s steel industry, according to industry insiders.

Businesses told to diversify after steel tariff hike

Vietnamese enterprises are advised to build better business strategies after the US slapped huge tariffs on Vietnamese steel.

 

China’s dumping leaves Vietnam steel plants fighting for survival

 VietNamNet Bridge – Steel making in Vietnam is in danger of coming to a full stop and the root cause of its demise lies in the fact China is increasingly dumping vast stockpiles of steel in markets around the globe say leading market analysts.

BUSINESS IN BRIEF 10/3

Sharp rise seen in VN consumer confidence; VN-EU pact to deliver the goods; Steel industry seeks more Gov't help; Budget revenue up, oil down; Hanoi seeks to attract more investors; Number of new realty companies surges

Domestic steel mills face uphill battle against Taiwanese giant Formosa

VietNamNet Bridge – Formosa, the Taiwanese steel manufacturer, has advantages over domestic rivals thanks to investment incentives offered by the government.

Exports will save Vietnam’s steel industry

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.

BUSINESS IN BRIEF 16/12

 Red River Delta development plan announced; Steel sector struggles to iron out difficulties; Vietnam’s sustainable coffee production starts to stir; Shipping firms ignore container handling charges

BUSINESS IN BRIEF 2/4

Greater cooperation needed for central region tourism; Rice exporters dodge rules via consignment contracts; Russian businesses keen to invest in Vietnam; Electronics market struggles to survive

Exporters fear they may lose markets ‘cause of anti-dumping lawsuits

CAD has reported to the Ministry of Industry and Trade (MOIT) that it is analyzing Thai and Indonesian petitions to apply anti-dumping measures against Vietnam’s steel exports to the markets.

Steel industry to see tougher competition with newcomers

 VietNamNet Bridge – Five new steel mills with a combined capacity of 1.5 million tons per year will start operations this year, making supply further exceed demand and leading to a fiercer competition in the local steel market.

Vietnam still puzzled with excess of steel imports over exports

Though the demand and consumption level dropped dramatically in 2012, Vietnam still witnessed a big gap between steel imports and exports in the context of the domestic oversupply.