Steel industry navigating global challenges

Steel industry navigating global challenges

Despite mounting challenges from competition and tariffs, Vietnam’s steel industry is on a path to sustainable development.
US steel policy to require robust reply

US steel policy to require robust reply

The application of an additional tax on imported aluminium and steel from the United States will negatively affect exporting countries, including Vietnam, and will require a response targeting market diversification.
Pebsteel building towards a sustainable future

Pebsteel building towards a sustainable future

Pebsteel has fulfilled thousands of projects over the past 30 years, laying the foundation for a sustainable future.
Investors betting on construction steel through 2025

Investors betting on construction steel through 2025

Domestic construction steel is set to grow, driven by strong Q3 earnings, favourable Chinese policies, and government-led economic stimulus packages.
VNSTEEL – the journey towards “green steel” strategy

VNSTEEL – the journey towards “green steel” strategy

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

Positive outlook for Vietnam's steel industry in 2024

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.
Steel firms drop prices for the third time this year

Steel firms drop prices for the third time this year

As global steel prices decline, the domestic consumption has not recovered, leaving steel manufacturers facing difficulties with costly inventories.
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.
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.
Steel groups take on EU’s carbon rules

Steel groups take on EU’s carbon rules

Steel manufacturers in Vietnam are anxious about the procedures for receiving and reporting data related to carbon emissions for the upcoming application of the EU’s Carbon Border Adjustment Mechanism.
Steel industry awaits indication of progress

Steel industry awaits indication of progress

The steel sector across Vietnam continues to face a variety of challenges to its growth prospects from multiple angles.
Vietnamese steel industry calling for wider investment from overseas entities

Vietnamese steel industry calling for wider investment from overseas entities

Steel is still a great distance from matching other manufacturing industries in Vietnam, with upstream and downstream remaining out of sync.
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.
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