Vietnam’s largest steelmaker, the Hoa Phat Group, sold a total of 3.7 million tonnes of steel products in the first five months of this year, up nearly 70% against the same period last year.
The Ministry of Industry and Trade (MoIT) has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses.
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.
Vietnam’s steel sector has witnessed strong development in terms of capacity, output, and products in the recent past.
VOV.VN - The Ministry of Industry and Trade (MoIT) has decided to temporarily apply anti-dumping measures on some H-shaped steel products which originate from Malaysia, according to the Trade Remedies Authority of Vietnam.
The European Commission (EC) has announced the possible extension of safeguard measures applicable to imports of certain steel products, including some from Vietnam, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade.
VOV.VN - During the opening two months of the year, iron and steel exports have enjoyed a stellar growth rate of 71.9% compared to the same period from last year, with major domestic firms such as Hoa Phat and Hoa Sen exporting large shipments.
Vietnamese exporters in the steel and mechanic sectors expect to get easier access to the UK market following the signing of the UK-Vietnam Free Trade Agreement (UKVFTA) last month.
VOV.VN - Malaysia has moved to impose anti-dumping duties on certain flat-rolled steel products that originate from Vietnam, along with those from China and the Republic of Korea (RoK), for five years.
VOV.VN - Hoa Phat Group (HPG), Vietnam’s largest steelmaker, has unveiled that it will increase the export of galvanised steel products to Europe, with the first batch of 10,000 tonnes due to be shipped this November.