steel

Domestic HRC hot-rolled steel "supply does not meet demand", should imports be restricted?

18:26 | 03/04/2024 Import-Export

VCN - According to the General Department of Customs, in the first two months of 2024, the country imported 2.65 million tons of iron and steel of all kinds, an increase of 85.4% over the same period in 2023, of which the main import market is from China.

Iron and Steel exports increase in volume and decrease in prices

14:52 | 10/09/2023 Import-Export

VCN - According to the latest preliminary statistics of the General Department of Customs, in the first half of August (August 1-15), the country exported nearly 335 thousand tons of iron and steel of all kinds, with a turnover of 235.5 million USD.

The steel industry facing concerns about the carbon border adjustment mechanism (CBAM)

21:24 | 06/08/2023 Import-Export

VCN - For many years, the EU has been Vietnam's fourth-largest two-way trading partner after China, the US, and South Korea. Vietnam is the EU's 15th-largest merchandise trading partner and the most prominent trading partner in ASEAN.

Exports to the EU cannot bypass the Carbon Border Adjustment Mechanism (CBAM)

16:32 | 13/06/2023 Import-Export

VCN - In mid-May 2023, the European Commission issued regulations on the establishment of a Carbon Border Adjustment Mechanism (CBAM) in the EU, requiring businesses to adapt so as not to lose their competitive advantage.

Ha Tinh Customs: Striving to regain growth momentum in revenue collection

10:16 | 21/04/2023 Customs

In the first quarter of 2023, the state revenue collection of Ha Tinh Customs Department dropped by 37.1% compared to the same period in 2022.

Steel market to recover in latter half of 2023

17:54 | 16/04/2023 Import-Export

The steel market is likely to recover in the third and fourth quarters of this year thanks to augmented efforts to disburse public investment and credit packages for social housing projects, along with positive signs of the Vietnamese economy, said Vice Chairman of the Vietnam Steel Association (VSA) Doan Danh Tuan.

Woodchip and steel are rushing to Vung Ang port

09:03 | 10/04/2023 Customs

In the first three months of 2023, the export turnover of goods carrying out procedures through Vung Ang – Son Duong port cluster reached US$ 440 million

Steel price rises despite falling demand

15:29 | 23/03/2023 Import-Export

The price of construction steel is on the rise despite the fact that the demand for this type of construction material remains weak, insiders have said.

Steel makers witness hardships in Q4/2022

16:01 | 31/01/2023 Import-Export

Steel companies witnessed hardships in the fourth quarter of 2022 with many big players suffering losses.

Steel sector sees gloomy performance in 11 months

19:11 | 24/12/2022 Import-Export

The local steel market continued to be gloomy, with reductions seen in both production and consumption in the past 11 months, a report published by the Vietnam Steel Association (VSA) this week revealed.

Steel producers' profit to hit bottom soon

14:52 | 14/12/2022 Import-Export

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.

Steel producers face gloomy business results despite huge potential

20:13 | 23/10/2022 Import-Export

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.

State needs a clear roadmap to develop the mechanical industry

14:35 | 19/10/2022 Import-Export

VCN - The total mechanical market demand of Vietnam from now to 2030 can reach more than US$300 billion. However, Vietnam's mechanical engineering industry only meets about one-third of the domestic demand for mechanical products.

Steel enterprises look for "promising partners" from exports

08:05 | 09/10/2022 Import-Export

The decline in demand in many markets around the world has made the steel industry business picture "gloomy", in which export activities are also affected

The deeper the integration, the greater the pressure of suing for trade remedies

09:59 | 26/08/2022 Import-Export

VCN - Vietnam has been participating in the negotiation and signing of many important Free Trade Agreements (FTAs), opening up great opportunities for exports. However, at the same time, Vietnamese goods are also facing more and more pressure of being inv