Innovation plays a key part in Việt Nam steel industry's objective to cut down its carbon footprint, according to Nghiêm Xuân Đa, Chairman of the Vietnam Steel...
Many large Saudi companies continue to pour their money into Việt Nam, with an outstanding one being Zamil Steel, which has established itself as a significant player 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....
The investigations are being conducted at the request of the European Steel Association (EUROFER).
While domestic consumption faces challenges, Vietnam's steel exports to the EU are experiencing robust growth. However, in the near future, if Vietnamese steel...
While steel prices have continued to fall and demand remains low, the steel industry is expected to recover at the end of this year.
According to VNDirect, the sluggish housing market continued to throw a pall on the prospects for steel makers' recovery in 2H23F.
2Q23 gross margin of steel companies will continue to improve qoq, but should still be conservative for the rest of 2023, said VNDirect.
The handling of 12 loss-making projects under the Ministry of Industry and Trade has seen improvements with some starting to earn profits or recovering production after...
The freezing of the Chinese real estate market, falling prices of rebars in China, Việt Nam’s EVN raising electricity prices, and the State Bank lowering interest rates...
Outflows of foreign capital also increased pressure on the market.
In the long term, according to VSA, Việt Nam's steel demand will continue to grow from 240kg per capita to 290kg per capita in 2030. Steel demand will be concentrated on...
The steel market is likely to recover in the third and fourth quarters of this year thanks to augmented efforts to disburse public investment and credit packages for...
According to experts, Vietnam's steel industry is facing lots of difficulties; however, many businesses still believe in a positive future in the second half of 2023.
Recovery in steel prices has saved steel stocks from touching bottom for now. However, investors still remain cautious because of unexpected impact due to the global...
HPG’s net profit growth could have a slow start for the year, but the turning point would be in 3Q23F following the low base effect, widening gross margin, and narrowing...
The high prices of raw materials have caused domestic steel companies to increase selling prices many times to compensate for production costs and reduce losses.
Since mid-2022, steel enterprises have continued to face difficulties and profits have declined due to impacts from domestic and international markets.
Domestic steel demand is expected to keep falling due to the property market slump and tightened monetary policy, economic downturn in many export markets and a rise in...
Totally in the 11-month period, finished steel production saw a yearly decline of 11.3 per cent to 27.12 million tonnes. Sales of finished steel also plunged 7 per cent...
In the third quarter of 2018 compared to the corresponding period in 2020, Vietnam's total steel sales volume decreased by 11%.
Most steel companies recorded gloomy business results in the third quarter of 2022, according to a recent report on the construction and building materials industry by...
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