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.
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 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 enterprises have boosted exports while facing difficulties in domestic consumption due to the COVID-19 outbreak, according to the Vietnam Steel Association (VSA).
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.
Vietnamese steelmakers were in need of State support to minimise the damage caused by the outbreak of the novel coronavirus (COVID-19), which could well reach a pandemic as dozens of countries reported new infections.
Thailand will impose anti-dumping tariff ranging from 6.97 per cent to 51.61 per cent of cost, insurance and freight (CIF) prices on some imported steel products from Việt Nam.
Viet Nam steel production was forecasted to continue to grow slightly, at about 6-8 per cent, this year, reported the Viet Nam Steel Association (VSA).
BlueScope Zacs, a product line for civil and residential projects of NS BlueScope Vietnam, has donated 300 steel roofs to help the poor building houses in Viet Nam.
Consumption of steel products, especially colour-coated steel, declined in October while production continued to rise, according to the Vietnam Steel Association
BlueScope Zacs, a product line for civil and residential projects of NS BlueScope Vietnam, donated 50 steel houses to the poor in 10 localities across the country from December 2018 to April 2019.
Viet Nam’s steel industry is facing 47 anti-dumping and anti-subsidy investigations from importing countries, accounting for one-third of the total cases of Vietnamese goods.
Viet Nam’s steel market was forecast to be in good shape in the first quarter of this year despite high prices, said the Viet Nam Steel Association (VSA).
In recent months, Viet Nam’s steel industry has had to compete with a rising amount of imported steel in the domestic market and faces a number of anti-dumping investigations in export destinations, reported the Ministry of Industry and Trade.