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News 19/08/2023
Steel prices ‘find the bottom’ again, falling for the 16th time in a row
On August 17, a number of steel producers lowered their prices by 100,000 VND/ton for CB240 coil products, down to 13.5-14.04 million VND/ton, while maintaining the same selling price for D10 rebar. CB300. According to data from Steelonline, Hoa Phat steel company simultaneously lowered VND 100,000/ton for CB240 coil line in all three regions of
News 23/06/2023
Steel prices drop for tenth straight month in May
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.
News 30/05/2023

Canada to review duty taxes on Việt Nam’s corrosion-resistant steel

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
News 27/05/2023

Market instabilities cause steel firms to adjust business plans

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
News 27/04/2023

Indices inch lower despite gains of steel stocks

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,
News 26/04/2023

Market reverses on back of steel, bank stocks

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
News 18/04/2023

Steel market may recover by end of this year: VSA

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
News 08/01/2023

Steel industry looks back a year: Difficult, even more difficult!

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