The Ministry of Industry and Trade (MoIT) has announced the implementation of the end-of-term review of anti-dumping measures on galvanized steel products imported from China and the Republic of Korea.

There is no evidence that Vietnam has exported dumped or subsidised precision pipes and tubes to Australia, according to the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam (TRAV).

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.

VOV.VN - All Vietnamese exporters of precision steel tubes have not been dumped in the Australian market and have received no subsidies or significant subsidies from the Government, according to the details given by the Trade Remedies Authority of Vietnam.

Vietnam’s steel sector has witnessed strong development in terms of capacity, output, and products in the recent past.

VOV.VN - Ensuring the balance of supply and demand in the local market following steel prices enduring a recent sharp rise of between 40% and 50% compared to last year should be made a priority, according to the Ministry of Finance.

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.

Steel manufacturer Hoa Phat Group sold a total of 869,000 tonnes of steel in April, a surge of 65% compared to the same month last year.