Vietnamese steel billets are mainly exported to markets in the Philippines and Indonesia, with the average prices ranging from US$480 to $500 per tonne, depending on the period. — Photo thoibaotaichinhvietnam.vn Viet Nam has transformed from a steel-importing country to a producing nation, with the export of 300,000 tonnes of steel billets last year. This was revealed on Tuesday in a report of the Viet Nam Steel Association on the status of Viet Nam’s steel manufacture in 2017. According to the report, Vietnamese steel billets are mainly exported to markets in the Philippines and Indonesia, with the average prices ranging from US$480 to $500 per tonne, depending on the period. Besides billets, Viet Nam also exported more than one million tonne of construction steel in 2017, a year-on-year increase of 62 per cent. The total steel consumption in the country in 2017 is estimated at nearly 18 million tonnes, up 20.7 per cent compared to the previous year. Prior to this, VSA forecast the steel industry to grow by 12-15 per cent in the next five years. Of which, cast iron output is forecast to increase 80 per cent to reach 4.5 million tonnes, while steel billets will jump 47.2 per cent (11.5 million tonnes), finished steel products up 12 per cent (20 million tonnes), cold rolled coils up 13 per cent and steel pipes up 15 per cent. — VNS
HA NOI (VNS) — Vietnamese steel pipe manufacturers and domestic steel companies are not dumping products in the US market and do not receive subsidies, according to a recent decision by the US Department of Commerce. The news is a boost for Vietnamese steel exporters, who will not be subject to extra tariffs in the US market. The decision was a result of an anti-dumping investigation, which focused on Vietnamese firms including SeAH Steel Vina and Hong Nguyen Machinery Manufactory Company. The investigation was urged by US businesses Allied Tube and Conduit, JMC Steel Group, Wheatland Tube and the United…... [read more]
However, according to the Vietnam Steel Association, the country’s steel export prospects are positive, as China’s steel exports this year may decline due to strong domestic demand for construction, hydropower and transportation projects.Chinese steelmakers have to consider and adjust exports in order to limit negative impacts on the entire Chinese steel sector. This is an opportunity for Vietnamese steelmakers to increase exports.According to the Vietnam Steel Association, construction steel production in October reached 758,412 tonnes, down 9.35 percent compared to September 2017 and up 13.8 percent compared to the same month last year. Meanwhile, steel consumption reached 559,847 tonnes, a…... [read more]
India clears stainless steel exporters from investigationTran Thu By Tran Thu - The Saigon Times Daily HCMC – Officials at India’s Ministry of Finance have decided not to take safeguard measures against cold rolled stainless steel products imported from Vietnam, Korea, Japan, China, the European Union, the United States and Mexico. The Vietnam Competition Authority said on Wednesday that India has stopped such investigation into the steel imports from the markets as it has not found convincing evidence of the threat or severe injury caused to its steel industry. The Vietnam Competition Authority said the safeguard probe was initiated on…... [read more]
Steel exports have been adversely affected by trade disputes Four years and 21 trade dispute cases According to the General Department of Customs, Vietnam exported 1.28 million tonnes of iron and steel worth US$1.85 million in the first nine months of this year, a 4.7 percent drop in volume and a 13.5 percent drop in revenue against a year ago. The country has exported steel in recent years and several kinds of Vietnamese steel products have become popular globally such as coated iron sheets, alloy steel and steel pipes. However, steel exports have continuously faced difficulties due to dumping allegations.…... [read more]
Thailand launched three anti-dumping investigations this month on Vietnamese steel sheets and steel products. In the past, other export markets in the region have also conducted probes into steel sheet imports from Vietnam.Ho Quang Thiep, the first deputy general director of Southern Steel Sheet Company, said Thailand's investigation on cold-rolled steel sheets and colour-coated steel sheets had caused difficulties for domestic producers, especially in seeking outlets for their products. Supply now is double domestic demand.Vietnam's cold-rolled steel sheets and colour-coated steel sheets have been exported to many countries in ASEAN, mainly to Thailand, Malaysia, Indonesia, and Cambodia, in the past…... [read more]
