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Steel production steadies, room for growth!

Despite stagnation in the second quarter of 2017, Việt Nam’s steel industry managed to turn a profit in the first seven months of the year, led by a rebound in construction and real estate demand. According to reports released by the Vietnam Steel Association (VSA), the domestic steel market in the first seven months of…

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U.S. hits Vietnam with massive duties over Chinese steel

Certain steel products Vietnam is selling to the U.S. are being produced from Chinese materials, the U.S. Department of Commerce said in a statement late Tuesday. American steelmakers complained last year that Chinese companies appeared to be avoiding huge tariffs by diverting products to Vietnam for “minor processing” before they were shipped to the U.S. The Commerce Department took…

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Prices of steel products to rise

Steel price rose due to input materials’ increasing priceThere is a light rise in Vietnam steel total export Prices of steel products are forecast to continue rising in the latter months of the year due to a hike in the prices of steel ingot and steel scrap. Nguyễn Văn Sưa, deputy chairman of the association,…