VOV.VN - The US decision to impose an additional 25% tariff on imported aluminum and steel is anticipated to significantly impact global trade, but Vietnam still has opportunities to sustain its exports to this major market.

VOV.VN - The United States remained Vietnam’s largest iron and steel export market with volume reaching 1.11 million tonnes during the seven months of the year, representing a sharp rise of 89% on-year, according to data released by the General Department of Vietnam Customs.

VOV.VN - Vietnam exported more than 6.7 million tonnes of steel during the 10-month period, representing a rise of 26.1% year on year, according to the Vietnam Steel Association (VSA).

VOV.VN - Vietnam exported 864,424 tonnes of steel and iron worth a total of US$611 million in September, marking sharp decreases of 12.5% in volume and 13.5% in value compared to August.

Although the demand for building steel rose by more than 26% in May compared to the previous month, steel prices decreased for the 10th month, and steelmakers expected the struggle to continue.

The European Union (EU) has decided to extend tariffs and quotas on various types of steel imports from Vietnam until the end of June 2024.

Hoa Phat Group has signed a contract to export 10,000 tonnes of steel wire in coil form to Europe.

The UK – Vietnam Free Trade Agreement (UKFTA) was providing significant opportunities for Vietnam to expand the export of steel and iron products in the UK.

Since the establishment of their bilateral diplomatic ties in 1962, Vietnam and Laos have promoted cooperation across various spheres, with their trade exchange posting substantial growth, benefiting both countries.

VOV.VN - Vietnam exported 13.1 million tonnes of iron and steel worth US$11.8 billion to the EU last year thanks to the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA), up 32.9% in volume and 124.3% in value compared to 2020.