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Steel producers

Steel producers await positive results in H2

Steel producers await positive results in H2

With the Government''s support, the steel manufacturing industry is expected to overcome difficulties in the last months of this year.
Steel producers profit to hit bottom soon

Steel producers' profit to hit bottom soon

VNDirect expects that the gross profit margin of steel companies will soon recover when most of the high-priced inventory has been recorded in the cost of goods sold in the third quarter.
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 producers face gloomy business results despite huge potential

Steel producers face gloomy business results despite huge potential

The huge potential market is mainly driven by large investments and favourable tax policies, but the business picture in the third quarter of 2022 of these enterprises is facing many challenges with large losses.
Steel producers make provisions for devaluation in inventory as prices cool down

Steel producers make provisions for devaluation in inventory as prices cool down

After increasing inventories at the beginning of 2021 to take advantage of price differences to maximise profits, the strategy has now hit steel producers hard as global steel prices plunged at the end of the year. 
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. 
Steel producers report strong growth in profits despite COVID-19

Steel producers report strong growth in profits despite COVID-19

Despite disruptions caused by the fourth wave of the COVID-19 pandemic, steel producers still reported extraordinary profits. 
Steel producers record big profits on high prices

Steel producers record big profits on high prices

Steel producers continued to post great results in the second quarter of this year, supported by high steel prices. 
Steel producers post outstanding results in Q1 on higher rebar price

Steel producers post outstanding results in Q1 on higher rebar price

The surge of steel price since the beginning of 2021 helped many steel producers record good performance in the first quarter. 
Steel producers urged to enhance product quality to compete

Steel producers urged to enhance product quality to compete

Enhancing product quality and optimising production cost would help domestic steel producers compete with the cheap products imported from China, Nguyen Van Sua, deputy president of the Viet Nam Steel Association, said.
VN investigates steel imports from China amid dumping fears

VN investigates steel imports from China amid dumping fears

The Viet Nam Competition Authority said that the Minister of Industry and Trade had ordered an investigation against imported steel ingots and steel bars for the application of safeguards.
Deputy PM seeks steel report

Deputy PM seeks steel report

Deputy Prime Minister Hoang Trung Hai has asked the Ministry of Industry and Trade (MoIT) to issue a report on domestic steel producers that are facing stiff competition from cheap imported steel.
Inflow of cheap Chinese steel raises concerns

Inflow of cheap Chinese steel raises concerns

The European Union''s anti-dumping duty on stainless steel cold-rolled sheet from mainland China and Taiwan has raised concerns that Chinese steel producers will accelerate their exports to Viet Nam.
Cement, steel sales on the rise

Cement, steel sales on the rise

Cement and steel consumption could rise 8 to 10 per cent in the first half of 2014 against the same period last year, after declining in the past few years.
Steel market remains stagnant

Steel market remains stagnant

Steel sale is yet to recover on the local market, despite domestic steel producers'' efforts to boost consumption coinciding with the start of the building season, according to the Viet Nam Steel Association (VSA).