Vietnamese steel products certified to meet greenhouse gas inventory standard

Vietnamese steel products certified to meet greenhouse gas inventory standard

BSI - the UK's leading international certification organisation - has just certified ISO 14064-1:2018 standard on greenhouse gas inventory for steel products of Hoa Phat Dung Quat Steel Joint Stock Company.
The upward wave of steel stock prices

The upward wave of steel stock prices

In 2023, steel stock prices rose by an average of 58 per cent, outperforming the VN-Index by 46 per cent.
Vietnam's steel sector revitalised in 2024

Vietnam's steel sector revitalised in 2024

The steel sector in 2024 is predicted to have a bright future due to the worldwide surge in steel prices, increasing domestic demand driven by transport infrastructure activities, and the prospect of enhanced profit margins.
Vietnam’s steel producers embracing CBAM transition

Vietnam’s steel producers embracing CBAM transition

Vietnam’s steel production industry is taking initial steps in shifting to greener production and minimising emissions to adjust to the requirements of major markets such as the EU.
Steel primed for rising 2024 prospects

Steel primed for rising 2024 prospects

Escaping the gloom since early in the year, the construction materials market – and especially steel production – has experienced several positive signs.
Steelmakers must act now in CBAM entry

Steelmakers must act now in CBAM entry

The introduction of the EU’s carbon border policy will be particularly crucial for Vietnamese steel companies, as they are among the top emitters of greenhouse gases domestically.
CBAM may hinder EVFTA advantages for steel industry

CBAM may hinder EVFTA advantages for steel industry

As the EU's CBAM takes effect on October 1, Vietnam's steel manufacturers remain confused about how to meet the new requirements.
CBAM warrants steel exporter reaction

CBAM warrants steel exporter reaction

Steel exporters will need a robust response following the European Union’s new carbon border tax, which will be valid from October.
Exporting pressures heaped onto steel enterprises

Exporting pressures heaped onto steel enterprises

When competing with China’s massive output, Vietnam’s exports of steel are being hampered.
Steel imports subject to stricter quality standards

Steel imports subject to stricter quality standards

Enterprises advocated for a quality and type control procedure for imported steel into Vietnam in order to safeguard domestic steel.
Steelmakers encouraged to look to premium segment

Steelmakers encouraged to look to premium segment

Although large steel firms have been urged to restructure away from construction steel towards industrial products to avoid getting bogged down in a depressed market, most still fail to have the capacity to do so.
Export pressure on steel groups heightens

Export pressure on steel groups heightens

When competing with China's massive output to meet the rising demand, Vietnam's steel exports are hampered.
Vietnam examines hot-rolled coil imports from Malaysia, Thailand, and China

Vietnam examines hot-rolled coil imports from Malaysia, Thailand, and China

The domestic industry claims that Malaysian, Thai, and Chinese hot-rolled coil (HRC) products have been distributed in the Vietnamese market.
EU extends import restrictions on steel

EU extends import restrictions on steel

The EU persists in imposing safeguards on a number of Vietnam-imported steel products.
Hopes build that lower steel prices can boost consumption

Hopes build that lower steel prices can boost consumption

Consumption continues to be a challenge for Vietnam’s steel industry, with manufacturers struggling to ensure output.
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