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.
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.
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.
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.
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.
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.
Steel producers report heavy losses for second consecutive quarter

Steel producers report heavy losses for second consecutive quarter

Vietnam's five largest steel producers report combined losses of more than $152 million for the last quarter of 2022.
MoIT stops anti-dumping duties on galvanised steel from South Korea and China

MoIT stops anti-dumping duties on galvanised steel from South Korea and China

The Ministry of Industry and Trade has just issued Decision No 924/QD-BCT on terminating the application of anti-dumping measures to several galvanised steel products originating from South Korea and China.
Steelmakers deny advantage from anti-dumping fix

Steelmakers deny advantage from anti-dumping fix

South Korean group Posco VST, which owns the biggest cold rolling steel plant in Vietnam, is likely to gain benefits from anti-dumping measures on some cold-rolled stainless steel products – however, both the company and the Ministry of Industry and Trade have denied a monopolitic stance in the market.
Support recovery for the steel sector

Support recovery for the steel sector

Although the nation’s consumption of steel products decreased compared to last year, production and sales show signs of recovery among a few listed steelmakers, while others are trying to reach break-even point this year.
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