Update news 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.

Vietnam’s steel industry enters new development period

With heavy investments by steel manufacturers and Hoa Phat’s strategy on expanding the southern market, the competition in the steel industry is expected to become more intense in the coming time.  

Steel manufacturers report satisfactory business results amid protectionism

Most steel manufacturers had satisfactory business in the second quarter of the year and the first half. 

VN Steel Association insists on importing scrap steel, raising concerns about environment risks

VietNamNet Bridge - Experts have warned about scrap imports heading for Vietnam as China has stopped importing some types of scrap. 

Doors to export markets narrow for steel manufacturers

It has become more difficult to export steel products to large markets amid the strong rise of protectionism. Steel manufacturers have been advised to protect and exploit the domestic market, which is full of potential.

Vietnam’s steel exports affected by anti-dumping investigations

VietNamNet Bridge - Vietnam’s steel exports are encountering difficulties as they are facing anti-dumping investigations raised by importing countries.

Chinese steel manufacturers flock to Vietnam to avoid US trade war

Fearing a China-US trade war worth tens of billions of dollars, Chinese steel manufacturers are rushing to relocate parts of their production capacity to other countries, including Vietnam.

Customs agencies tighten scrap imports as paper, steel manufacturers complain

The General Department of Customs (GDC), in an effort to tighten control over scrap imports, has decided that paper and steel scrap importers must have import samples examined prior to customs clearance.

Vietnam’s steel industry faces more lawsuits

VietNamNet Bridge - Vietnam’s steel and steel products have been subject to many anti-dumping lawsuits in recent years.

Huge steel projects in Ha Tinh are scrapped

VietNamNet Bridge - Ha Tinh’s people once put high hopes on many huge steel projects in their province but most of them have been closed. 

Industry Ministry vows to continue developing steel projects

As MOIT insists on developing steel projects, saying there will be a shortage of steel in the future, NA deputies say the ministry has to take responsibility for figures released in the steel industry development strategy. 

Industry Ministry insists on developing more steel projects

When Minister of Industry and Trade Tran Tuan Anh denied there were special group interests in licensing the Ca Na steel complex project, the ministry’s website showed information that indicated support for large-scale steel projects.

Steel industry needs government protection to survive: experts

In 2015, China topped the world in terms of steel output (803.8 million tons), exporting 111.6 million tons. Meanwhile, Vietnam ranked seventh in the world and the first in South East Asia in steel imports (16.3 million tons).