steel

Exports decelerate after half a year of impressive growth

10:23 | 15/08/2022 Import-Export

VCN - Unlike the impressive growth rate in the previous months, in July 2022, exports decelerated. Information of the Ministry of Industry and Trade has just released shows that exports in July 2022 decreased by 7.7% compared to the previous month, to US$

Profits for the second quarter decelerated, steel enterprises face difficulties

19:32 | 06/08/2022 Import-Export

VCN - In the same period last year, the profit of steel enterprises increased sharply thanks to the strong growth in steel prices, but in the second quarter of this year, many units recorded losses.

A series of steel enterprises lost profits

17:26 | 04/05/2022 Import-Export

VCN - If in 2021, steel enterprises had the opportunity to create profits, in 2022, with many pressures from the external economic context, large-scale steel enterprises have all significantly reduced profit plans.

Vietnam’s steel import turnover up 42.8 percent in 2021

17:59 | 15/02/2022 Import-Export

Vietnam imported 12.3 million tonnes of steel worth 11.52 billion USD in 2021, down 7 percent in volume and up 42.8 percent in value year-on-year, according to the General Department of Customs.

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

19:54 | 25/01/2022 Import-Export

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.

Vietnam’s corrosion-resistant steel faces anti-circumvention probe in US

19:06 | 23/11/2021 Import-Export

The US Department of Commerce (DOC) has received a request for investigation into the alleged circumvention of anti-dumping duties by Vietnam’s corrosion-resistant steel products (CORE) made from cold rolled steel (CRS) and hot rolled steel (HRS) imported from Japan.

Small steel companies struggle in Q3 due to COVID-19

16:04 | 15/11/2021 Import-Export

As thenbsp;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.

Steel industry to join 10-billion USD export club

19:59 | 28/10/2021 Import-Export

With a record export growth rate in the first nine months of 2021, steel is forecast to soon join the 10-billion USD export club.

Steel producers report strong growth in profits despite COVID-19

19:27 | 23/10/2021 Import-Export

Despite disruptions caused by the fourth wave of the COVID-19 pandemic, steel producers still reported extraordinary profits.nbsp;

Steel exports surge 78.1 percent in nine months

19:48 | 20/10/2021 Import-Export

Vietnam exported more than 5.7 million tonnes of steel products in the first nine months of 2021, a whopping 78.1 percent increase the same period last year, according to the Vietnam Steel Association (VSA).

Vietnam"s steel sales increase due to exports

16:54 | 06/09/2021 Import-Export

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 enterprises see increase in revenue thanks to exports

08:25 | 02/09/2021 Import-Export

VCN - The Covid-19 pandemic halted domestic construction activities, thereby reducing domestic steel consumption. Therefore, many steel enterprises have promoted export and this is becoming the main source of revenue in the business structure.

Australia delays conclusion on anti-dumping probe into Vietnam’s painted steel strapping

19:31 | 19/08/2021 Import-Export

The Anti-Dumping Commission of Australia (ADC) has announced the fifth extension of time granted to issue the final report on an investigation into the alleged dumping and subsidisation of painted steel strapping from China and Vietnam.

Vietnamese investors and contractors struggle due to higher steel price

19:51 | 26/07/2021 Import-Export

Although local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer.

MoIT denies proposing price stabilisation fund for steel

19:51 | 07/06/2021 Import-Export

The Ministry of Industry and Trade (MoIT) has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses.