In the context of weak domestic steel demand and rising costs pushing up global commodity prices, the selling prices of finished steel are increasing slower than the prices of input materials.
As the domestic market has been heavily affected by the COVID-19 pandemic, many small steel enterprises experienced a sharp decline in profit in the third quarter of 2021.
The Ministry of Industry (MoIT) will continue to support local steel enterprises this year in their production and business, especially use of trade defence measures protecting the domestic steel industry.
The Viet Nam Competition Authority (VCA) said it has received an
appeal from domestic steel enterprises, demanding imposition of
anti-dumping measures on H-shaped Chinese steel products.
The sales of building steel in January this year fell sharply by 36 per
cent over the previous month and 42 per cent reduction compared to
January 2013.
