Construction steel price soars threefold in one month

Construction steel price soars threefold in one month

Following the upward adjustment before the Lunar New Year, several steel firms have announced price hikes for construction steel.
Steelmakers improve trade balance through integration

Steelmakers improve trade balance through integration

It is expected that, when results emerge, Vietnam’s steel sector will for the first time witness a trade surplus thanks to activities in 2021.
Ministry wants to support domestic steel market

Ministry wants to support domestic steel market

The Ministry of Industry and Trade has proposed the Government consider policies to tighten exports of steel products to stabilise the domestic market amid soaring steel prices in recent months.
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.
Construction steel sales projected to recover in year-end months

Construction steel sales projected to recover in year-end months

Construction steel sales are predicted to recover in the remaining months of 2020 after a fall in the January-August period due to impacts from the COVID-19 pandemic, according to the Vietnam Steel Association (VSA).
Tough spot for steel ventures as pandemic cuts off progress

Tough spot for steel ventures as pandemic cuts off progress

The global coronavirus developments coupled with the falling demand are adding more pressure for some steelmakers to lay idle their projects, cut products, or ponder mergers and acquisitions strategies to ensure their cash.
Steel producers hit hard by pandemic

Steel producers hit hard by pandemic

The Vietnam Steel Association (VSA)’s member enterprises suffered a strong reduction in production and business in the first quarter of this year due to the COVID-19 pandemic.
Steel industry forecast to maintain stable growth

Steel industry forecast to maintain stable growth

Vietnam’s steel production and consumption in the first half of 2019 recorded respective increases of 7.7 percent and 9.8 percent year-on-year, according to the Vietnam Steel Association (VSA).
VSA recommends Gov’t not approve stainless steel project

VSA recommends Gov’t not approve stainless steel project

The Vietnam Steel Association (VSA) has proposed the Government and relevant ministries and sectors seriously consider the approval of a stainless steel factory in Vietnam.
Steel sector has potential for 22pc growth

Steel sector has potential for 22pc growth

Vietnam’s steel industry has high potential to reach a production growth rate of 22 per cent and expand export markets this year.