Export of iron and steel soaring sharply

Export of iron and steel soaring sharply

With scarce iron ore supply and Beijing's moves to reduce emissions, the recovery in global steel demand have increased Vietnam's iron and steel exports.
Skyrocketing material prices place duress on contractors

Skyrocketing material prices place duress on contractors

Rising construction material prices are driving contractors into a corner while having mixed effects on steel producers and construction groups.
Local steelmakers red hot on investment

Local steelmakers red hot on investment

Over recent months, the steel market has retained positive momentum after its recovery in mid-2020, helping many steel producers record a strong performance in the first quarter of 2021.
Vietnam's iron and steel exports go through the roof

Vietnam's iron and steel exports go through the roof

Vietnam’s exports of iron and steel reached over $1.8 billion in the first quarter of 2021, with a strong increase that provides good signs for future progress.
Steel reliance to be reduced in Ha Tinh

Steel reliance to be reduced in Ha Tinh

The central province of Ha Tinh is striving to change for the better with its first-ever master planning expected to be adopted this year, with focus to be laid on the development of steel, energy, service, tourism, and logistics as the key pillars
Vietnam's export turnover of steel soars in 2020

Vietnam's export turnover of steel soars in 2020

Vietnam exported 9.86 million tonnes of steel worth $5.26 billion in 2020, up 47.9 per cent on-year but the average selling price dropped to $533 per tonne.
UKVFTA opens up opportunities for steel, mechanical firms

UKVFTA opens up opportunities for steel, mechanical firms

Vietnamese exporters in the steel and mechanic sectors expect to get easier access to the UK market following the signing of the UK-Vietnam Free Trade Agreement (UKVFTA) last month.
Support recovery for the steel sector

Support recovery for the steel sector

Although the nation’s consumption of steel products decreased compared to last year, production and sales show signs of recovery among a few listed steelmakers, while others are trying to reach break-even point this year.
Region’s states well-placed to offer steel alternatives

Region’s states well-placed to offer steel alternatives

As tensions between Australia and China continue to simmer, and recent delayed customs clearances of coal imports from Australia are hurting China’s steel producers, profiting for other steel exporters from the situation.
Formosa Ha Tinh reports $1 billion in accumulated losses

Formosa Ha Tinh reports $1 billion in accumulated losses

Years after its environmental scandal and the second blast furnace going into operation, the accumulated losses of Formosa Ha Tinh have risen to $1.1 billion.
Debts at Thai Nguyen Iron and Steel plant – phase 2 await extension

Debts at Thai Nguyen Iron and Steel plant – phase 2 await extension

The fate of Thai Nguyen Iron and Steel plant – phase 2 remains uncertain and it is unable to restart while its debts are only swelling.
Toiling steel ventures ask for state urgency

Toiling steel ventures ask for state urgency

The unpredictability of the global coronavirus outbreak has disrupted the demand for steel and forced steel projects to lay idle or cut production.
Vietnam introduces timely support for businesses against COVID-19

Vietnam introduces timely support for businesses against COVID-19 1

Sami Kteily, executive chairman of PEB Steel, shared with VIR his insights into the government’s recent move to support markets and maintain economic stability.
Steel ordinance to aid overseas groups

Steel ordinance to aid overseas groups

The Ministry of Industry and Trade has lifted previously applied anti-dumping measures for colour-coated iron products with a total trade volume of 82,000 tonnes, thereby favouring large, mostly foreign, electronic manufacturers.
Steel schemes set despite US duties

Steel schemes set despite US duties

Formosa, the operator of a multi-billion-dollar steel and port complex in central Vietnam, could reap the benefits from a US decision to slap heavy duties on steel imports  – a move which should foresee few negative impacts on Vietnamese steel producers with a diversified import mix.
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