Vietnam 

Việt Nam’s steel industry facing nearly 50 anti-dumping and –subsidy investigations – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Steel is subjected to the highest number of trade defence investigations in the world because it is produced by many countries and is considered a product related to national security. — Photo diendandatdai.com HÀ NỘI — Việt Nam’s steel industry is facing 47 anti-dumping and anti-subsidy investigations from importing countries, accounting for one-third of the total cases of Vietnamese goods, according to a report from the Ministry of Industry and Trade (MoIT)’s Trade Defence Department. According to Phạm Châu Giang, deputy director of the department, steel is subjected to the highest number of trade defence…

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Home 

Opinion | What El Niño, pork supply and steel production have in common – they all point to China needing a stronger yuan

A pig on a farm in Changtu county, Liaoning province, on January 17. China is the world’s largest consumer of pork, and thanks to the mass culling of pigs to stop the spread of African swine fever, domestic production is expected to fall at least 4 million tonnes below demand. Photo: Reuters Source link

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Vietnam 

​​​​​​​Malaysia initiates anti-dumping duty investigation on non-alloy steel from Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Malaysia has announced an anti-dumping duty investigation on non-alloy steel from Việt Nam. – Photo satthep.net HÀ NỘI — Malaysia has announced it will initiate an anti-dumping duty investigation on the imports of cold-rolled coils of iron or non-alloy steel originating or exported from four countries, including Việt Nam, China, Japan and South Korea. The petition, lodged by Malaysian producer Mycron Steel CRC Sdn Bdh, alleged that the import of non-alloy steel of more than 1,300mm in width originating or exported from these four countries was being dumped in Malaysia and…

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Vietnam 

Steel producer Hòa Phát targets US$3 billion revenue – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Hòa Phát Group targets after-tax profits of VNĐ6.7 trillion on revenues of VNĐ70 trillion (US$3 billion) this year. The figures were announced after they were approved at the steel giant’s annual general meeting in Hà Nội last week. Last year consolidated revenues were VNĐ56.5 trillion and after-tax profits were VNĐ8.6 trillion, up 21 per cent and 7 per cent. The company’s general director, Trần Tuấn Dương, said the profit target is 22 per cent lower than last year’s because the…

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Vietnam 

Hoa Sen exports 15,000 tonnes of steel sheets to EU – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News BÀ RỊA-VŨNG TÀU – Steelmaker Hoa Sen Group (HSG) exported 15,000 tonnes of steel sheets to the UK, Germany and Italy late last week. The steel sheets were exported from Hoa Sen Phú Mỹ Plant in the southern province of Bà Rịa-Vũng Tàu. The company also announced the opening of its new hot-dip galvanized steel pipe plant in the province. Developed by its member company, Hoa Sen Phú Mỹ Joint Stock Company, the plant was built on an area of 5.3ha in Phú…

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Vietnam 

Rosy prospects for Việt Nam’s steel market in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The steel sector is expected to grow by a record 10 per cent in 2019. — VNA/VNS Photo Viet Nam News HÀ NỘI — Việt Nam’s steel market was forecast to be in good shape in the first quarter of this year despite high prices, said the Việt Nam Steel Association (VSA).  VSA Vice Chairman Nguyễn Văn Sưa said the price of steel rose from US$70 to $92 per tonne throughout January and February, but has now fallen to $86-87 per tonne.  The sector imported 90-95 per cent…

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Vietnam 

VN Gov’t did not intervene in domestic carbon steel prices: Canadian agency – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Vietnamese Government was found not to have intervened in the domestic prices of the carbon steel welded pipe industry, according to Canada Border Services Agency. – VNA/VNS Photo Viet Nam News During the period of investigation, imports from Việt Nam accounted for 12 per cent of total imports of carbon steel welded pipe. The volume of imported carbon steel welded pipe to Canada grew from 47,657 tonnes in 2015 to 91,739 tonnes during the period of investigation, Canada’s statistics showed. — VNS Source link

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Global 

US-China trade war having ‘no effect’ on China steel, amid surging domestic market and tariff exemptions

The trade war between the United States and China is having “no effect” on the Chinese steel sector, which is being propped up by “surging domestic demand”, according to a new study. New research by US analysts shows that Chinese steel producers are enjoying more exemptions from US President Donald Trump’s tariffs on steel than those from US allies Canada, South Korea, Spain and the United Kingdom. This is despite the fact that when the tariffs were invoked under Section 232 of the Trade Expansion Act of 1962, ostensibly on…

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Vietnam 

Hòa Phát construction steel posts sales hike – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Hòa Phát is aiming for consumption of 3.3 million tonnes of construction steel in 2019. — VNS Photo HÀ NỘI — Sales of Hòa Phát construction steel in the first month of this year hit 250,000 tonnes, a 27 per cent year-on-year rise and equal to record sales in October 2018. Hòa Phát Group said steel sales in the central and southern regions accounted for 48,800 tonnes, with the rest in the northern region. Its agents…

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Vietnam 

Hòa Phát construction steel sales post 27 per cent hike – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Hòa Phát is aiming for consumption of 3.3 million tonnes of construction steel in 2019. — VNS Photo Viet Nam News HÀ NỘI — Sales of Hòa Phát construction steel in the first month of this year hit 250,000 tonnes, a 27 per cent year-on-year rise and equal to record sales in October 2018. Hòa Phát Group said steel sales in the central and southern regions accounted for 48,800 tonnes, with the rest in the northern region. Its agents were stocking steel for construction after the Tết…

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