The Hoa Phat Dung Quat Steel JSC has announced that it will apply SAP S/4HANA, a next-generation enterprise resource planning (ERP) software, for its iron and steel production complex.
A delegation of investors from the Republic of Korea (RoK) has visited Hoa Phat Group, one of the three largest steel producers in Vietnam, to seek partnership opportunities.
Hoa Phat Dung Quat Steel Joint Stock Company and Italy’s metal plants supplier Danieli Company have signed a contract to install thin slab caster and hot-rolled mill for the Hoa Phat Dung Quat iron and steel production complex in the central province of Quang Ngai.
Hoa Phat Group, a leading Vietnamese industrial production firm, manufactured some 209,000 tonnes of steel in July, up 24.7% from last month and nearly 50% from the same period last year, retaining top spot in terms of domestic steel market share.
Vietnamese steel manufacturers are importing more and more scrap steel for domestic production, as this is the easiest and most profitable way to make steel.
The Ministry of Industry and Trade (MoIT) will hire a foreign consultancy firm to evaluate its draft master plan for steel production by 2025 and its vision till 2035.
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.
Steel production expansion in Vietnam has faced a growing tide of criticism amid environmental concerns following the recent toxic spill disaster caused by Formosa Ha Tinh Steel Corporation in central Vietnam, and the oversupply of steel in the domestic market.
Though there has been an abundant supply of steel for construction, there is a serious shortage of steel for the supporting industry. That is reason why Vietnam has spent billions of dollar to import steel annually.
Hoa Phat Group, VnSteel, Tisco and Viet Y Steel will benefit the most from the Ministry of Industry and Trade’s (MOIT) decision to protect domestic production.
Iron and steel product manufacturing posted stable growth over the first five months of 2016 with an output of more than 5.8 million tonnes, rising by nearly 1 million tonnes or 19.3 % year on year.
Several steel products saw a surge in productivity in May. The bar and angle steel products showed the highest increase of 22.5%, following by rolled steel with 21%.
Vietnamese steel maker Hoa Sen Group has confirmed its intention to take over a mammoth steel project in the central province of Quang Ngai after the original Taiwanese investor withdrew from it nearly ten years ago, local media reported.
(VOV) - The US International Trade Commission (USITC) formally imposed anti-dumping duties on oil country tubular goods (OCTG) imported from a number of countries, including Vietnam, the Vietnam Competition Authority (VCA) has announced..
(VOV) - There is growing concern that underhanded and unhealthy competition by many businesses to clear their excessive stocks is damaging the steel industry.
Japanese Sumitomo group plans to establish a joint venture with the SMC Company in Ho Chi Minh City in April 2012 that will specialize in supplying and distributing steel for major projects.
The Ministry of Industry and Trade (MoIT) has asked provinces and centrally-run cities to stop granting new investment licenses to steel projects and carefully revise existing contracts as the domestic steel supply has exceeded demand.