Vietnamplus

Hoa Phat Group has signed a contract to export 10,000 tonnes of steel wire in coil form to Europe.

Vietnam shipped some 335,000 tonnes of corrosion-resistant steel products (CORE) to the US last year, a three-fold rise from the previous year, according to the United States International Trade Commission (USITC).

India has decided to rescind the anti-dumping duty on flat rolled products of steel plated or coated with alloy of aluminum or zinc originating in or exported from Vietnam, the Republic of Korea (RoK) and China, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade.

Many insiders believe that 2022 will be a promising year for the steel industry when the pandemic is brought under control and construction demand rebounds strongly.

The US Department of Commerce (DOC) has decided not to initiate an investigation into the alleged circumvention of anti-dumping duties by Vietnam’s corrosion-resistant steel products (CORE) made from cold rolled steel (CRS) and hot rolled steel (HRS) imported from Japan.

The US Department of Commerce (DOC) has received a request for investigation into the alleged circumvention of anti-dumping duties by Vietnam’s corrosion-resistant steel products (CORE) made from cold rolled steel (CRS) and hot rolled steel (HRS) imported from Japan.

With a record export growth rate in the first nine months of 2021, steel is forecast to soon join the 10-billion USD export club.

The Philippines Department of Trade and Industry (DTI) has announced that it will suspend three safeguard investigations on some imported steel products, according to the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade.

Vietnam’s largest steelmaker Hoa Phat Group has announced that it contributed over 6.3 trillion VND (about 276 million USD) to the State budget in the first seven months of the year, posting a year-on-year jump of 94 percent.

Steel prices have hit a new high after a series of rapid increases from May through June 2021 when they increased by more than 50 percent compared to the beginning of the year.

The Trade Remedies Authority under the Ministry of Industry and Trade (MoIT) said that it had sent questionnaires on end-of-term review of anti-dumping measures against imported galvanized steel products originated from China and the Republic of Korea (RoK) to all foreign steel producers and exporters.

The Canadian International Trade Tribunal (CITT) has issued a notification on the launching of inquiry for exclusion requests concerning imports of a number of imported steel products originated from some countries, including Vietnam.

The Ministry of Industry and Trade (MoIT) has announced the implementation of the end-of-term review of anti-dumping measures on galvanized steel products imported from China and the Republic of Korea.

Vietnam’s largest steelmaker, the Hoa Phat Group, sold a total of 3.7 million tonnes of steel products in the first five months of this year, up nearly 70 percent against the same period last year.

The Trade Remedies Authorities of Vietnam has proposed the Ministry of Industry and Trade (MoIT) exempt the application of anti-dumping measures on steel and biaxial oriented polypropylene (BOPP) film and the total volume eligible for the exemption for 2020 and 2021.

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.

Hoa Phat Group sold nearly 500,000 tonnes of products in August, including over 320,000 tonnes of steel and 170,000 tonnes of billets despite COVID-19 pandemic.

While local export products have been facing more anti-dumping investigations and tax evasion cases in foreign countries, Vietnamese enterprises are still unaware of the risk.

The Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade has sent a consultation letter to the Philippines’ Department of Trade and Industry asking it to exclude Vietnam from three safeguard investigations on some steel products.

Hoa Phat Group, the largest steel maker in Vietnam, exported over 20,000 tonnes of construction steel in April, up 17 percent year-on-year.