In the second half of this year, increasing competition in product quality, prices and market share are predicted to force steel companies to work harder to maintain their foothold in the market.
Listed steel companies have reported disappointing business results in the first quarter despite strong growth in the domestic market, which they have attributed to the high cost of capital.
Shares of steel companies have been volatile in recent days following the information that the US may impose steep tariffs on steel imports, but market insiders say this, if it happens, would have a moderate direct impact on domestic steel...
Some steel companies want the Ministry of Industry and Trade to put up
temporary barriers like higher import tax on steel billet and other
products until an ongoing investigation into dumping is completed.
FPT Information System Company (FPT IS) and Germany-based software
provider SAP launched their enterprise resource planning (ERP) solutions
for Vietnamese steel companies on January 6.