Steel producers hit hard by pandemic

In the first quarter, VSA-member enterprises recorded a plunge of 15 per cent in steel output to 5.4 million tonnes and 20 per cent in consumption to 4.4 million tonnes year-on-year.

Steel industry forecasted to grow by 6-8 per cent in 2020 Việt Nam steel production was forecasted to continue to grow slightly, at about 6-8 per cent, this year, reported the Việt Nam Steel Association (VSA).

Steel industry not likely to have the best of times in 2020

The Vietnamese steel industry is expected to face difficulties this year due to an increase in production capacity, falling demand and protectionist measures by countries to reduce imports, according to experts.

US duties on steel shipped from VN to have little impact: experts

The US’s imposition of duties of up to 456 per cent on certain steel products shipped from Việt Nam would not significantly harm the country’s steel industry, according to industry insiders.

Việt Nam needs to do more to avoid trade fraud The steel industry is facing lawsuits against tax evasion and dumping, according to information from the Việt Nam Steel Association.

The Ministry of Finance postpones plan of tax increase on hot rolled steel coil The Ministry of Finance has postponed its plan of increasing the most-favoured nation (MFN) tariff on imported hot rolled steel coil (HRC) from zero per cent to 5 per cent after collecting opinions from businesses and experts.

No monopoly in stainless steel market: MoIT The anti-dumping duties imposed on stainless steel has not created a monopoly in the market, said the Ministry of Industry and Trade (MoIT).

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.