steel market

Update news steel market

Steel prices escalate despite weak domestic demand

Domestic steel prices have increased for the fourth time over the last month, despite weak demand. This is attributed to higher input material prices in the world market.

Steel prices recover, manufacturers see opportunities

Positive signs in the world steel market are expected to infuse a new spirit into the steel industry in Vietnam.

Profits plunge, steel mills cannot pay debts

Some steel manufacturers, who saw profits plummet in Q2, have bad debts amounting to hundreds of billions of dong.

Vietnamese investors, contractors struggle due to higher steel price

Although local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer.

Enterprises worried as steel prices escalate globally

The domestic steel price hike has been attributed to a global price increase. To reduce steel prices, production costs need to be cut.

Steel price ripple effect felt across domestic businesses

The Vietnam Association of Construction Contractors (VACC) has asked the Government Office to investigate the price hike and find out if steelmakers were cooperating with each other to push up prices.

 

Construction firms face bankruptcy as steel prices soar

Local construction firms face the risk of bankruptcy as the price of steel has soared 40 percent recently.

Vietnam initiates anti-dumping probe against Chinese steel

Vietnamese companies filed complaints against Chinese steel products, accusing them of being sold at prices below the fair market value in Vietnam with dumping margin at 21.3%.

 

Protective import tax sends steel prices soaring

A spokesperson for Song Da No2 Joint Stock Company (SD2) called up a magazine to grumble that steel prices have skyrocketed, pushing up costs for his company by billions of dong since the prices started to rise.