VietNamnet Bridge - Iron & steel manufacturers can anticipate a tough year 2016, when low-cost products, especially from China, will flow to Vietnam.

MOIT has confirmed that the agency is following necessary procedures to deal with the case in which four Vietnamese steel manufacturers have proposed to apply trade remedies against ingot steel and long steel imports.

Vietnamese steel manufacturers are awaiting decisions as Thailand, Malaysia and Indonesia, which buy 50 percent of Vietnam’s exports, are taking anti-dumping investigations against imports from Vietnam.

Though demand is predicted to increase by 15 percent in 2015, steel manufacturers still anticipate a difficult year ahead because supply from both domestic sources and imports will increase even more sharply.

VietNamNet Bridge – Formosa, the Taiwanese steel manufacturer, has advantages over domestic rivals thanks to investment incentives offered by the government.

VietNamNet Bridge – Given the massive imports of steel products from China due to a zero tariff, the Vietnam Steel Association has written to the China Steel Association warning of petitioning anti-dumping duties on steel products

VietNamNet Bridge – The Vietnam Steel Association (VSA) has petitioned management agencies to soon arrive at solutions of monitoring products labeled as alloy steel imported from China as it contains a small portion of boron to escape the tax.

 VietNamNet Bridge – Five new steel mills with a combined capacity of 1.5 million tons per year will start operations this year, making supply further exceed demand and leading to a fiercer competition in the local steel market.