Steel sector faces challenges
Vietnam’s steel sector is grappling with mounting challenges, including a rising volume of Chinese steel exports, domestic oversupply and global trade barriers, experts...
Vietnam’s steel sector is grappling with mounting challenges, including a rising volume of Chinese steel exports, domestic oversupply and global trade barriers, experts...
Tien Len Steel Group JSC (TLH: HOSE) has just gone through a challenging year of production and business operations.
According to Mr. Vu Van Thanh, CEO of Hoa Sen Group (HSG), the United States' 25% steel tariffs offer Vietnamese steel companies a chance to gain a greater edge in...
According to information from the Vietnam Steel Association (VSA), weak steel demand in most regions of the world and negative sentiment have impacted steel prices....
While domestic consumption faces challenges, Vietnam's steel exports to the EU are experiencing robust growth. However, in the near future, if Vietnamese steel...
Steel producers will be less pressured because raw material prices are still much lower than those in early May and selling prices have started to rebound slightly.
In the past month, Vietnam's steel exports have faced two trade remedy lawsuits, bringing the total number of trade remedy cases since 2004 to 68. The increasing...
Steel exports have tended to slow down in recent months and are expected to decelerate in the coming quarters due to the negative impact of protectionist measures...
Two new industry groups in Vietnam joined the over US$10 billion export club in 2021, increasing the list to eight.
Exports would continue to be a key growth driver for Vietnam’s economy in 2022.
Steel enterprises have boosted exports while facing difficulties in domestic consumption due to the COVID-19 outbreak, according to the Vietnam Steel Association (VSA).
VDSC believed coated steel export volume to Europe would be robust until 2022 owing to favorable trade policies and increasing demand.
The Covid-19 pandemic halted domestic construction activities, thereby reducing domestic steel consumption. Therefore, many steel enterprises have promoted export and...
Steel enterprises are seeking ways to boost exports as the sector’s growth is now mainly driven by export activities.
In the coated steel segment, VDSC said, exports would remain strong in 2H2021 as several producers, such as HSG, NKG… received sufficient orders for production until...
Iron and steel exports to the European Union (EU) reached 713,000 tonnes in the first five months of this year, up five times year-on-year, reported the General...