steel industry

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.

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.

Hopes build that lower steel prices can boost consumption

May 09, 2023 | 10:46

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

April 27, 2023 | 14:57

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

April 05, 2023 | 10:41

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

March 31, 2023 | 15:00

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

February 16, 2023 | 17:00

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

February 16, 2023 | 16:01

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

January 27, 2023 | 14:00

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

June 07, 2021 | 15:24

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

November 23, 2018 | 09:07

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

January 11, 2013 | 15:27

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).