Update news vietnam's steel market
The steel industry is expected to see an explosive recovery in 2024, but profits won’t be delivered to all. While big players earned trillions of dong in the third quarter in 2023, most small players reported losses.
The European Union (EU) has decided to extend tariffs and quotas on various types of steel imports from Vietnam until the end of June 2024.
Many fluctuations in the domestic and foreign financial-economic markets have appeared, causing steel enterprises to adjust their business plans.
The steel market is likely to recover in the third and fourth quarters of this year thanks to augmented efforts to disburse public investment and credit packages for social housing projects, along with positive signs of the Vietnamese economy.