News

In the context of weak domestic steel demand and rising costs pushing up global commodity prices, the selling prices of finished steel are increasing slower than the prices of input materials.

CBSA will stop gathering information on June 15, and the parties will submit their arguments on June 22. HA NOI — Canada Border Service Agency (CBSA) updated the timeline for auditing the anti-dumping tax on corrosion-resistant steel (COR) of Việt Nam and Turkey, according to the Trade Remedies Authorities of Vietnam. Particularly, CBSA will stop

The freezing of the Chinese real estate market, falling prices of rebars in China, Việt Nam’s EVN raising electricity prices, and the State Bank lowering interest rates for the third time will all impact the resilience of businesses in the steel industry in the short term.  HA NOI – Many fluctuations in the domestic and

The US Department of Commerce (DOC) has commenced anti-dumping investigation into bottless steel shelving units from Viet Nam, Trade Remedies Authority of Việt Nam said, recommending enterprises producing and exporting related products keep a close watch on the next developments of the case. HA NOI — The US Department of Commerce (DOC) has commenced an

Outflows of foreign capital also increased pressure on the market. HA NOI — Benchmark indices extended losses on Tuesday as risk-off sentiment persisted, while outflows of foreign capital also increased pressure on the market. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) closed the day at 1,034.85 points, a decline of 6.51 points,

Foreign capital also flew back to the market HA NOI — Shares rebounded on Wednesday as the risk-averse mood eased and foreign investors came back to the market. The market’s benchmark VN-Index on the southern bourse, Ho Chi Minh Stock Exchange (HoSE), snapped a three-day losing streak to end higher at 1,040.8 points. It lost 5.95

In the long term, according to VSA, Viet Nam’s steel demand will continue to grow from 240kg per capita to 290kg per capita in 2030. Steel demand will be concentrated on alloys or high-quality steel. HA NOI — Viet Nam’s steel market is likely to recover in the third and fourth quarters of this year

Steel industry looks back a year: Difficult, even more difficult! The decline in business of big names like Hoa Sen (HSG), Nam Kim (NKG), even Hoa Phat (HPG) is a sign of a sharp decline in Vietnam’s steel industry. The statistics also showed that by the end of the third quarter of 2018, 11 steel

The common point of steel enterprises in the first half of 2019 is the increase in raw material prices, leading to increased cost of goods sold and reduced profits.