VOV.VN - The price of steel has continued to drop by VND300,000 per tonne, marking the third significant fall after reaching a highs back in late 2020.

Iron and steel exports to the European Union (EU) reached 713,000 tonnes in the first five months of this year, up five times year-on-year, reported the General Department of Customs.

The Trade Remedies Authority said that it had sent questionnaires on end-of-term review of anti-dumping measures against imported galvanized steel products originated from China and the Republic of Korea (RoK) to all foreign steel producers and exporters.

VOV.VN - Vietnam exported a total of 4.88 million tonnes of iron and steel worth US$3.61 billion during the five months of the year, with China emerging as the largest buyer, according to the General Department of Vietnam Customs.

The Canadian International Trade Tribunal (CITT) has issued a notification on the launching of inquiry for exclusion requests concerning imports of a number of imported steel products originated from some countries, including Vietnam.

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.