vietnam steel producers

Update news vietnam steel producers

Tough spot for steel ventures as pandemic cuts off progress

The global coronavirus developments coupled with the falling demand are adding more pressure for some steelmakers to lay idle their projects, cut products, or ponder mergers and acquisitions strategies to ensure their cash.

Vietnam steel producers face anti-dumping lawsuits

The local steel industry is dealing with an increasing number of tax evasion and antidumping lawsuits in other countries, due to the allegedly fraudulent origins of steel exports, according to the Vietnam Steel Association (VSA).