VSA
A steel price hike would affect immediately some economic sectors and later the entire economy. The final outcome is that the price level in the economy will go up.
Enterprises worried as steel prices escalate globally
The domestic steel price hike has been attributed to a global price increase. To reduce steel prices, production costs need to be cut.
VN steel sector faces troubles in 2019
The steel industry experienced many difficulties in 2019 due to stronger steel imports and reduced sales of locally made products at home and abroad.
VN steel manufacturers face difficulties as prices drop and inventories rise
According to the Vietnam Steel Association (VSA), in the first nine months of 2019, domestic steel output reached 18.83 million tons, an increase of 6.7 percent compared with the same period last year.
Supply-demand imbalance, origin fraud puts pressure on steel manufacturing in Vietnam
The biggest difficulties facing Vietnam’s steel industry are trade remedies applied by importing countries and supply of materials.
Imported steel floods into Vietnam
Global steel capacity is forecast to be excessive so steel has been pouring into the Southeast Asia region.
VN steel manufacturers struggle for shelter during tough period
A high number of steel manufacturers have reported loss as export markets have shrunk, while the domestic battle is fierce because of competition.
Steel prices spiraling out of costs amid electricity price adjustment
The retail electricity price increase has dealt a strong blow to the steel manufacturing industry, which is facing difficulties.