Positive signs for steel industry at year-end Business

Positive signs for steel industry at year-end

The production and consumption of building materials started resuming at the end of the third quarter this year as lots of construction works were speeding towards completion, however, local producers have been warned to watch the market to avoid a possible surplus.
Domestic steel consumption drops strongly from May Business

Domestic steel consumption drops strongly from May

Domestic consumption of steel in June dropped 14.9 percent compared to May to 1,794,193 tonnes and production output also fell 1.25 percent month on month to 2,058,445 tonnes, according to the Vietnam Steel Association.
Vietnam stocks reverse downward trend Business

Vietnam stocks reverse downward trend

Shares bounced back on the two local exchanges on November 10 from the previous day’s shake, driven by better market sentiment on expectations for positive economic policies from the new US President.
High consumption to raise steel prices Business

High consumption to raise steel prices

Domestic steel prices are expected to rise in the near future, thanks to increasing construction demand, the real estate market’s recovery and high consumption.
Business

Steel producers boost sales in home market

Local cold-rolled steel makers have been boosting their sales in the domestic market to offset a decline in outbound sales caused by the recent anti-dumping accusations, the Saigon Times Daily reported.
Business

Industry ministry gets tough on energy guzzlers: paper

The Ministry of Industry and Trade will issue a circular next year regulating energy consumption ceilings for key industries in a move to prevent them from using energy-guzzling machines and equipment, the Saigon Times Daily reported.
Steel exports expected to reach 2.3 million tonnes Business

Steel exports expected to reach 2.3 million tonnes

Vietnam is expected to export 2.3 million tonnes of steel in 2013, an increase of 30 percent against last year, said Director of Heavy Industry Department under the Ministry of Industry and Trade Nguyen Manh Quan.
Business

Steelmakers need better distribution system

Local steel producers should implement a proper distribution system in order to help stabilise the domestic steel market, according to an official from the Ministry of Industryand Trade.