Talking Shop: Ministry helps steel exporters minimise negative impacts of US decision Earlier this month the US Department of Commerce (DOC) announced preliminary rulings on the circumvention inquiries into Vietnamese cold-rolled steel and corrosion-resistant steel exports made from raw materials imported from Taiwan and South of Korea. Việt Nam News correspondent Thu Ngân asks Lê Triệu Dũng, director general of the Trade Remedies Authority, about it.

US levies duties on Việt Nam’s steel The US Commerce Department said on Tuesday it would impose duties of up to 456 per cent on certain steel produced in South Korea or Taiwan that are then shipped to Việt Nam for minor processing and finally exported to the US, Reuters reported.

Steel industry to face challenges in second half of 2019 In the second half of this year, increasing competition in product quality, prices and market share are predicted to force steel companies to work harder to maintain their foothold in the market.

Building material prices on the rise The cost of building materials has been on the rise due to increasing electricity tariffs at the peak time for construction.

Steel companies post disappointing results in Q1 despite strong market growth

Listed steel companies have reported disappointing business results in the first quarter despite strong growth in the domestic market, which they have attributed to the high cost of capital.

Fuel price hikes create pressure but CPI under control

Petrol price hikes in April were putting pressure on prices but the consumer price index (CPI) was still under the control, according to the General Statistics Office (GSO).

Electricity hike hits industry hard

Vietnamese manufacturers are set to increase their selling prices following the 8.36 per cent hike in electricity price that launched from March 20.

Rosy prospects for Việt Nam’s steel market in Q1

Việt Nam’s steel market was forecast to be in good shape in the first quarter of this year despite high prices, said the Việt Nam Steel Association (VSA). 

Steel producers urged to enhance product quality to compete

Enhancing product quality and optimising production cost would help domestic steel producers compete with the cheap products imported from China, Nguyễn Văn Sưa, deputy president of the Việt Nam Steel Association, said.

Steel firms strive to stay strong

In recent months, Việt Nam’s steel industry has had to compete with a rising amount of imported steel in the domestic market and faces a number of anti-dumping investigations in export destinations, reported the Ministry of Industry and Trade.