Flexibility encouraged as enterprises steel for strain

Flexibility encouraged as enterprises steel for strain

A series of listed steel companies reported losses in 2022, and the outlook for 2023 is expected to also remain negative.
Local steel manufacturers backing product quality

Local steel manufacturers backing product quality

Local groups using stainless steel have stated that complaints related to substandard products are far off the mark.
Steel industry to gradually recover in 2023

Steel industry to gradually recover in 2023

Domestic steel demand is expected to keep falling due to the property market slump and tightened monetary policy, economic downturn in many export markets and a rise in supply making the outlook for the industry in 2023 poor, analysts said.
MoIT denies proposing price stabilisation fund for steel

MoIT denies proposing price stabilisation fund for steel

The Ministry of Industry and Trade (MoIT) has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses.
Steel firms strive to stay strong

Steel firms strive to stay strong

In recent months, Vietnam’s steel industry has had to compete with a rising amount of imported steel in the domestic market and faces a number of anti-dumping investigations in export destinations, reported the Ministry of Industry and Trade.
Steel industry suffers slump

Steel industry suffers slump

Sales volume fell for the construction-steel industry last year by about 8 per cent compared to the previous year, according to the Viet Nam Steel Association (VSA).
Steel industry sees low May consumption

Steel industry sees low May consumption

The steel industry has seen a strong decrease in production and consumption in May against April, the Ministry of Industry and Trade reported.
Concrete measures for local steel sector

Concrete measures for local steel sector

Deputy Prime Minister Hoang Trung Hai is calling for a major shake-up of Vietnam’s inefficient steel industry.