steel

Formosa Ha Tinh reports loss of nearly $666.7 million in 2023

July 09, 2024 | 16:36

Formosa Ha Tinh Steel JSC reported a loss of VND15.7 trillion ($654.16 million) in 2023, doubling the figure of 2022, while revenue decreased by 3.2 per cent.

Probes ongoing to protect steel firms

July 01, 2024 | 16:00

An increase in Chinese steel imports is causing pressure on domestic steelmakers and anti-dumping risks.

VNSTEEL – the journey towards “green steel” strategy

June 06, 2024 | 11:51

Pham Cong Thao, deputy general director of VNSTEEL, talked to VIR’s Bich Thuy about the firm's “green steel” journey to meet international requirements.

Positive outlook for Vietnam's steel industry in 2024

May 28, 2024 | 16:11

The steel industry in Vietnam is expected to have a positive outlook for 2024, with major companies like Hoa Phat and Hoa Sen projected to experience significant recoveries, while small businesses may face challenges in finding output due to the recovery of steel prices and demand from large contractors.

Huge capital currently out of reach for steel transition

May 15, 2024 | 14:58

The domestic steel industry may find it very hard to transition towards climate-friendly production due to capital shortages, energy-related issues, and struggles to meet the EU’s new technical requirements.

Steelmaking can become climate-neutral process

May 15, 2024 | 14:52

Steel is one of the world’s most-used materials and a central part of the global economy.

Domestic steel demand expected to rebound amid warming real estate market

April 12, 2024 | 10:31

Domestic steel demand is anticipated to rise this year due to the civil construction recovery and the positive impacts of the global steel market.

Steel firms drop prices for the third time this year

April 08, 2024 | 16:18

As global steel prices decline, the domestic consumption has not recovered, leaving steel manufacturers facing difficulties with costly inventories.

Vietnamese steel products certified to meet greenhouse gas inventory standard

February 22, 2024 | 10:27

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

January 30, 2024 | 17:51

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

January 19, 2024 | 20:04

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

November 28, 2023 | 11:31

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

October 31, 2023 | 12:00

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

September 21, 2023 | 09:11

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.