Accelerated public investment deemed the way out from steelmaking challenges

Accelerated public investment deemed the way out from steelmaking challenges

Steelmakers are hoping for a stronger 2024 through avenues such as public investment, after a downward trend in prices and demand.
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.
Steelmakers question timing of product tax adjustments

Steelmakers question timing of product tax adjustments

Some steelmakers are urging the Ministry of Finance to take a closer look at a proposal to add an export tax on steel billets and cut import taxes for other steel products as these could hurt their operations, although the change is primarily being set up to stabilise domestic prices.
Origin fraud hurt Vietnamese steel in the long run

Origin fraud hurt Vietnamese steel in the long run

International free trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA) have opened up unprecedented opportunities for Vietnamese steelmakers with the industry forecast to see robust growth.