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.
Vietnam works with US to protect enterprises’ benefits: Spokeswoman

Vietnam works with US to protect enterprises’ benefits: Spokeswoman

Vietnam’s agencies will continue to coordinate with the US side to protect legitimate rights and benefits of enterprises in line with legal regulations and agreements of the World Trade Organisation (WTO), and prevent illegal evasion and fraudulent acts of origin.
EC investigates steel imports

EC investigates steel imports

The European Commission (EC) has decided to initiate a safeguard investigation concerning imports of 26 steel products to its member countries.
Import buffer to help struggling steel firms

Import buffer to help struggling steel firms

The government is looking to come into bat to help struggling local steel makers.