October saw a record steel import volume at 2.41 million tonnes, worth $1.51 billion, representing increases by 55.9 per cent and 41.7 per cent, respectively against the previous month.
The Ministry of Industry and Trade issued a decision to review the application of anti-dumping measures on some colour-coated steel products originating from China for the first time.
The Ministry of Industry and Trade on Thursday officially decided to levy anti-dumping duties on imported coated steel from mainland China (including Hong Kong) and South Korea.
Viet Nam’s import value for steel and iron products continuously surged sharply in the first month of 2017 to US$710 million, the General Statistics Office reported.
Though Viet Nam possesses huge amounts of iron ore, there is a serious shortage of steel for the mechanical engineering industry and defense industry, the Ministry of Industry and Trade’s Heavy Industry Department Director Truong Thanh Hoai told online newspaper news.zing.vn on Monday.
Viet Nam spent US$5.84 billion importing 13.92 million tonnes of steel
and iron products in the first nine months of the year, the General
Department of Customs'' statistics revealed.
Viet Nam decided to increase anti-dumping duties for cold rolled
stainless steel products from China, Indonesia, Malaysia and Taiwan, the
Vietnam Competition Authority said.
The recovery signals of international and
domestic economies over the first few months of this year have yet to
solve difficulties that the Vietnamese steel industry has encountered
especially in finding outlets for products. The Vietnam News Agency spoke to Viet Nam Steel
Association...
Viet Nam'' steel import volume experienced a modest year-on-year increase
of 2 per cent to 2.2 million tonnes, valued at US$1.5 billion, in the
first quarter of 2014.
Viet Nam will apply the QCVN07 standard starting in June in order to
raise the competitiveness of domestically produced steel and limit the
import of low-quality steel products.