Hoa Phat Group (HoSE: HPG) reported negative 3Q22 earnings due to weak steel demand, squeezed gross margins (GM), and foreign exchange losses, resulting in a 61.3%...
Steel producers have begun to feel the pinch as weakening demand and mouting input costs have dealt a heavy blow to their steel sales. Insiders are calling for...
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 huge potential market is mainly driven by large investments and favourable tax policies, but the business picture in the third quarter of 2022 of these enterprises...
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.
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...
Rising steel prices improve the profit margins of steel businesses, as most businesses have large inventories by the end of 2021.
Facing the proposal for guidance from Rita Vietnam Industry JSC regarding value-added tax (VAT) policy for imported goods under Decree 15/2022/ND-CP, the General...
Over-reliance on input material imports, small production value and outdated technology were among the major weaknesses of Vietnam's steel industry, said a recent report...
If in 2021, steel enterprises had the opportunity to create profits, in 2022, with many pressures from the external economic context, large-scale steel enterprises have...
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.
Two new industry groups in Vietnam joined the over US$10 billion export club in 2021, increasing the list to eight.
In 2022, thanks to the additional stimulus package for investment in infrastructure development of up to nearly VND114,000 billion, steel enterprises are expected to...
After increasing inventories at the beginning of 2021 to take advantage of price differences to maximise profits, the strategy has now hit steel producers hard as global...
Exports would continue to be a key growth driver for Vietnam’s economy in 2022.
Despite disruptions caused by the fourth wave of the COVID-19 pandemic, steel producers still reported extraordinary profits.
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.
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