Hoa Phat Group, the largest steel producer in Vietnam, has bounced back in 2024 with a substantial 51% increase in quarterly profit, completing 92% of its annual profit target.

Vietnam imported 1.2 million tons of hot-rolled coil steel in September, despite an ongoing anti-dumping investigation by the Ministry of Industry and Trade.

The central province of Thua Thien – Hue is calling for investment in a 32 trillion VND (1.28 billion USD) steel project in Chan May – Lang Co Economic Zone.

Vietnam's steel industry is facing fiercer competition from foreign rivals as imported products, particularly those from China, have flooded the domestic market, raising fears of market saturation.

Vietnam’s steel industry is facing a challenging period as it grapples with a potential anti-dumping investigation from the European Union, while simultaneously dealing with an influx of low-cost steel imports.

The Ministry of Industry and Trade has announced an investigation into the application of anti-dumping measures on certain hot-rolled steel products originating from China and India, effective from July 26, 2024.

Appropriate and timely trade measures, following Vietnam's and World Trade Organisation (WTO) regulations, will help the domestic steel industry minimise damage caused by unfair competition practices and protect local production.

The nation imported over 8.22 million tonnes of iron and steel during the first six months of this year, up 48% in volume and 25% in value compared to the same period from last year.

The amount of imported hot-rolled coil steel in the first six months of this year increased sharply to an alarming level, 1.7 times higher than domestic production.

To support the struggling steel industry, MoIT proposes adjusting import tax policies and encouraging banks to offer preferential credit packages.

The total amount of losses that Formosa Ha Tinh incurred in the last two years equalled its big profits in 2021, the most profitable year in the history of the local steel industry. But positive signs have also appeared.

The European Commission has extended safeguard measures on steel products for two more years until June 2026, impacting many steel exporting countries, including Vietnam.

Hot-rolled steel imports continued to increase sharply in May. The Ministry of Industry and Trade has received a complete and valid dossier requesting an investigation into anti-dumping measures on hot-rolled steel products from China.

Vietnamese steel exports to a number of major markets worldwide witnessed positive signs last year, with ASEAN and EU being the largest buyers, according to the 2023 Import-Export Report.

This accomplishment not only highlights the industry’s rapid growth in production output but also signifies its increasing independence and diversification of product types.

Vietnam’s HRC (hot rolled coil) manufacturers lost one-third of market share within one year, a worrying sign, say experts.

A group of 12 steel businesses have once again voiced their concern over a potential anti-dumping investigation into Chinese hot rolled coil steel (HRC).

During the past 3 months of the year, Italy continued to be Vietnam's largest iron and steel import market, with the Southeast Asian nation’s export turnover approximating US$299 million, marking increases in volume and value over the same period.

The Ministry of Industry and Trade (MoIT) has received a proposal to initiate an anti-dumping investigation of hot-rolled coil (HRC) imported from China from two domestic manufacturing enterprises.