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Viet Nam Steel Association

VNs Steel industry ranks 12th in world crude steel production

VN's Steel industry ranks 12th in world crude steel production

This accomplishment not only highlights the industry''s rapid growth in production output but also signifies its increasing independence and diversification of product types.
Forging a clean future: a must for steel industry to expand exports to the UK

Forging a clean future: a must for steel industry to expand exports to the UK

Decarbonisation became vital for the steel industry to enhance competitiveness while developed economies were taking steps to address carbon leakage risk.
Steel prices drop for tenth straight month in May

Steel prices drop for tenth straight month in May

The bearish trend is expected to continue through 2023 due to weak demand and lower input materials prices.
Steel market may recover by end of this year: VSA

Steel market may recover by end of this year: VSA

In the long term, according to VSA, Viet Nam''s steel demand will continue to grow from 240kg per capita to 290kg per capita in 2030. Steel demand will be concentrated on alloys or high-quality steel.
Local steel sector saw gloomy performance in 11 months

Local steel sector saw gloomy performance in 11 months

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 year-on-year to 25.1 million tonnes.
Steel companies report decline in Q1 profits

Steel companies report decline in Q1 profits

The cost of raw materials and transportation fees skyrocketed, causing the first-quarter profits of most steel companies to decline.
Steel producers expected to recover in Q4

Steel producers expected to recover in Q4

The market''s attention is now turning to steel stocks after they corrected strongly from recent peaks. 
Hoa Sen, Nam Kim continue to benefit from high galvanised steel exports to EU: VDSC

Hoa Sen, Nam Kim continue to benefit from high galvanised steel exports to EU: VDSC

Demand from the European Union and North American markets recovered and rose strongly, boosting the export volume of galvanised steel and offsetting weak domestic consumption in the first half of this year.
Steel firms urged to diversify markets amid trade defence lawsuits

Steel firms urged to diversify markets amid trade defence lawsuits

The steel industry should diversify its export markets and products to reduce dependence on a single market and minimise the risks of high import tariffs as trade defence investigations targeting the industry increase.
Thep Nam Kim sees steel exports soar

Thep Nam Kim sees steel exports soar

Nam Kim Steel JSC (NKG) announced it had produced a total of 244,301 tonnes of steel products in the first quarter, exporting a record of 151,992 tonnes, mostly to European countries and the US.
Positive signs for steel industry at year-end

Positive signs for steel industry at year-end

The production and consumption of building materials started resuming at the end of the third quarter this year as lots of construction works were speeding towards completion, however, local producers have been warned to watch the market to avoid a...
Stagnated construction leads to large steel inventories

Stagnated construction leads to large steel inventories

The COVID-19 pandemic has led to many construction and real estate projects being delayed, resulting in large inventories of construction materials, especially steel.
Viet Nam opposes Indonesias conclusions on anti-dumping investigation into steel sheets

Viet Nam opposes Indonesia’s conclusions on anti-dumping investigation into steel sheets

The authority said several conclusions have yet to reflect realities such as issues related to value-added tax and overlaps in calculations.
Steel producers hit hard by pandemic

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

Steel industry forecasted to grow by 6-8 per cent in 2020

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