Steel maker Hoa Phat has signed a contract to sell 120,000 tonnes of steel billets, worth over VND1 trillion (nearly US$43 million), to China’s firm Hangzhou CIEC Group Co., Ltd.
VOV.VN - The domestic steel industry is set to continue facing hurdles in the post-coronavirus period due to a recent sharp plunge in steel exports to foreign markets, according to the Vietnam Steel Association (VSA).
The Vietnam Steel Association (VSA)’s member enterprises suffered a strong reduction in production and business in the first quarter of this year due to the COVID-19 pandemic.
VOV.VN - Vietnam’s iron and steel exports to China skyrocketed over the course of the first two months of the year, despite only a slight increase in the country’s overall exports, according to the latest statistics released by the General Department of Vietnam Customs.
VOV.VN - The export turnover of steel and iron products during the first seven months of the year reached US$1.93 billion, with the US being the largest importer.
Vietnam exported 3.44 million tonnes of steel and iron worth 2.24 billion USD in the first half of this year, up 21 percent in volume and 4 percent in value from the same period last year.
Vietnam’s total steel export value in the first quarter this year rose 5.8 percent year-on-year to 744 million USD, according to the General Department of Vietnam Customs.
Steel products are among export staples with high growth in the first 10 months of this year, according to statistics of the Ministry of Industry and Trade.
Vietnam’s steel exports rose 40.4% year on year to 3.41 million tonnes in the first seven months of the year, raking in US$2.53 billion, up 56.3%.
It has become more difficult to export steel products to large markets amid the strong rise of protectionism. Steel manufacturers have been advised to protect and exploit the domestic market, which is full of potential.
VOV.VN - After seeing a decline in April, steel exports rebounded by 5.6% to US$251.9 million in May, bringing the total export value in the first five months of 2018 to US$1.1 billion, a year-on-year rise of 39.9%, according to the General Department of Vietnam Customs.
Vietnam’s total steel exports in the first two months of the year rose 38.6% from the same period last year to more than 728,000 tonnes, according to the Vietnam Steel Association (VSA).
The Ministry of Industry and Trade on March 30 officially decided to levy anti-dumping duties on imported coated steel from mainland China (including Hong Kong) and the Republic of Korea (RoK).
Steel production in October continued to enjoy a sharp year-on-year increase after Vietnam applied safeguard measures against steel bar and steel billet imports.
(VOV) -Vietnam is expected to ship around 2.5 million tonnes of steel abroad by the end of 2013, earning more than US$2 billion.
(VOV) - Economists believe Vietnam’s steel and iron producers will benefit from expanded export opportunities ushered in by the scheduled conclusion of Trans-Pacific (TPP) Partnership negotiations later this year.
Some countries consider taking legal proceedings against Vietnam’s steel exports at a rather low price in order to protect their domestic production.
Vietnam exported about 1.5 million tonnes of steel during the first 10 months of the year, which is almost twice as much steel that was exported during the same period last year, reported the Ministry of Industry and Trade.