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.
The UK – Vietnam Free Trade Agreement (UKVFTA) was providing significant opportunities for Vietnam to expand the export of steel and iron products in the UK.
Over-reliance on input material imports, small production value and outdated technology were among the major weaknesses of Vietnam's steel industry, said a recent report...
The conflict between Russia and Ukraine, as well as sanctions on Russia, have raised input prices and logistics costs, impacting domestic steel exporters.
Due to inflows of public investment in infrastructure, Vietnam's steel consumption output appears to be improving, and civil construction activities have rebounded.
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...
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