Thailand becomes Japan's top steel product importer World

Thailand becomes Japan's top steel product importer

Thailand became the top importer of Japanese steel products for the first time in 2018, as major Japanese automobile, home appliance and machinery makers have moved into Southeast Asia's biggest production hub.
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.
Building material market stable Business

Building material market stable

The domestic building material market was stable in the first four months of the year and continued to meet demand, said the Ministry of Construction.
Vietnam’s steel imports increase in May Business

Vietnam’s steel imports increase in May

Steel demand in Thailand, Malaysia, Indonesia, the Philippines and Vietnam are expected to maintain a growth rate of 6 percent next year despite exposure to China’s steel exports.
 Vietnam’s steel production surge in May Business

Vietnam’s steel production surge in May

Several steel products saw a surge in productivity in May. The bar and angle steel products showed the highest increase of 22.5 percent, following by rolled steel with 21 percent.
Steel prices surge ahead of tariffs Business

Steel prices surge ahead of tariffs

The domestic steel market has seen a price surge and hoarding before temporary safeguard measures recently imposed on two types of steel imports into the Southeast Asian country, experts said.
Steel consumption up in first quarter Business

Steel consumption up in first quarter

Domestic steel sales of the Vietnam Steel Association (VSA) member companies rose in the first quarter, reaching 2.5 million tones – a 25 percent increase on the year.
Business

Steel industry seeks more Gov't help

The Vietnam Steel Association (VSA) has demanded aid for overcoming difficulties, such as excess supply and growing competition from cheap imported steel that has hit the industry hard.