Over-reliance on input material imports, small production value and outdated technology were among the major weaknesses of Vietnam's steel industry, said a recent report by the Ministry of Industry and Trade.

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.

VOV.VN - By the end of the first quarter, the steel industry had imported up to three million tonnes, worth US$3.1 billion, with a trade deficit of US$800 million, while exports brought in US$2.3 billion, according to the Vietnam Steel Association (VSA).

Vietnam shipped some 335,000 tonnes of corrosion-resistant steel products (CORE) to the US last year, a three-fold rise from the previous year, according to the United States International Trade Commission (USITC).

India has decided to rescind the anti-dumping duty on flat rolled products of steel plated or coated with alloy of aluminum or zinc originating in or exported from Vietnam, the Republic of Korea (RoK) and China, according to the Trade Remedies Authority of Vietnam.

VOV.VN - In early February, Hoa Phat Dung Quat Steel Joint Stock Company signed a contract which will see the Vietnamese firm export an initial batch of hot rolled coil (HRC) to Italy with a volume of 35,000 tonnes.

The US Department of Commerce (DOC) has decided not to initiate an investigation into the alleged circumvention of anti-dumping duties by Vietnam’s corrosion-resistant steel products (CORE) made from cold rolled steel (CRS) and hot rolled steel (HRS) imported from Japan.

VOV.VN - Vietnamese iron and steel exports during the opening 11 months of the year enjoyed impressive growth with an export value exceeding US$10 billion, according to figures given by the Vietnam Steel Association (VSA).

The US Department of Commerce (DOC) has received a request for investigation into the alleged circumvention of anti-dumping duties by Vietnam’s corrosion-resistant steel products (CORE) made from cold rolled steel (CRS) and hot rolled steel (HRS) imported from Japan.

VOV.VN - With Belgium becoming one of the leading Vietnamese export markets in Europe, iron and steel exports to this market witnessed vigorous growth during the initial 10 months of the year, according to the General Department of Vietnam Customs.