Vietnam maintains tariffs on imported steel Business

Vietnam maintains tariffs on imported steel

Vietnam’s Ministry of Industry and Trade (MoIT) has decided to maintain safeguard measures for steel billets and steel bars imported from a number of countries and territories including China, the US, Canada, Germany, France, Japan and the Republic of Korea.
Steel industry sees slowdown Business

Steel industry sees slowdown

The domestic steel industry has seen a slowdown in recently months with weak steel sales and price drops, according to the Vietnam Steel Association (VSA).
Vietnam faces strange steel shortage Business

Vietnam faces strange steel shortage

Though Vietnam possesses huge amounts of iron ore, there is a serious shortage of steel for the mechanical engineering industry and defense industry, said Truong Thanh Hoai, Director of the Heavy Industry Department under the Ministry of Industry and Trade.
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.