The freshly-signed EU-Vietnam Free Trade Agreement (EVFTA) will help the Vietnamese steel sector expand export markets in Europe, industry insiders said.

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.

 VietNamNet Bridge – Experts believe domestic steel firms will have to deal with an increasing competition triggered by cheap Chinese alloy steel imports, more steel imports from Russia, and an oversupply of many steel products on the home market.

 VietNamNet Bridge – Steel mills in Vietnam, expecting protection until they are able to compete with imports, have called for agencies to pay due attention to this matter