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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.
Domestic steel sector sees high hope for recovery in 2024: Experts

Domestic steel sector sees high hope for recovery in 2024: Experts

According to the Vietnam Steel Association (VSA), steel sales in November and December 2023 reached the highest levels in 20 months with growth between 20-40 per cent for different products.
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.
Hard-hit steel producers need governmental push to pick up: insiders

Hard-hit steel producers need governmental push to pick up: insiders

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 favourable policies to lift them out of hardship.
Steel prices cool down as input costs drop

Steel prices cool down as input costs drop

Steel prices have been steadily on the decline in the last few weeks as prices for raw materials ped on the global market, according to the Vietnam Steel Association (VSA).
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.
Viet Nams steel sales increase due to exports

Viet Nam's steel sales increase due to exports

Steel enterprises have boosted exports while facing difficulties in domestic consumption due to the COVID-19 outbreak, according to the Vietnam Steel Association (VSA).
Steel prices hit new high

Steel prices hit new high

Steel has hit a new high after a series of rapid price increases from May through June 2021 when they increased by more than 50 per cent compared to the beginning of the year.
Construction firms face bankruptcy as steel prices soar

Construction firms face bankruptcy as steel prices soar

Local construction firms face the risk of bankruptcy as the price of steel has soared 40 per cent recently.
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.