Vietnam 

Việt Nam imposes anti-dumping duties on steel from China and South Korea – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

20 firms from China and three from South Korea that produce colour-coated steel sheets will be subject to temporary anti-dumping duties. — Photo moit.gov.vn HÀ NỘI — The Ministry of Industry and Trade (MoIT) has announced it will levy temporary anti-dumping duties of up to nearly 35 per cent on colour-coated steel sheets originating from China and South Korea. Twenty Chinese exporters will be taxed at rates from 3.45 to 34.27 per cent while anti-dumping duties for three South Korean businesses will range from 4.48 to 19.25 per cent. The duties will take effect on June 25. The MoIT said…

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Vietnam 

Steel companies post disappointing results in Q1 despite strong market growth – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Pomina steel products. Pomina reported loss of VNĐ82 billion in the first quarter while it posted more than VNĐ226 billion in the same period of last year. — Photo thepmiennam.net.vn HÀ NỘI – Listed steel companies have reported disappointing business results in the first quarter despite strong growth in the domestic market, which they have attributed to the high cost of capital. According to the Việt Nam Steel Association (VSA), domestic steelmakers produced 5.07 million tonnes in the first four months, registering growth of 37 per cent year-on-year.…

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Singapore 

Steel bar cages toppled at East Coast Integrated Depot worksite, no one injured, Singapore News

SINGAPORE – Two steel bar cages toppled at the worksite of the East Coast Integrated Depot on Wednesday night (May 15). In response to queries from The Straits Times, the Land Transport Authority (LTA) said on Thursday that a rebar cage used for the erection of a column “unexpectedly tilted to rest on an adjacent rebar cage”. The weight caused both structures to continue tilting slowly until they eventually fell, said the LTA spokesman. A rebar cage is made of steel and is commonly used to reinforce concrete structures. No…

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Vietnam 

Malaysia imposes maximum anti-dumping duty of 13.68 per cent on cold rolled steel from VN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Malaysia has revised anti-dumping duties imposed on cold rolled steel from Việt Nam to a maximum rate of 13.68 per cent. — File Photo  HÀ NỘI — The Malaysian Ministry of International Trade and Industry (Miti) has revised anti-dumping duties imposed on imports of cold rolled coils of alloy and non-alloy steel originating or exported from China, the Republic of Korea (RoK) and Việt Nam. According to the Trade Remedies Authority of Việt Nam, anti-dumping duties for Việt Nam would stand at 2-13.68 per cent. The duty is now set at…

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China 

China targets steel industry as latest front in its war on pollution

China has shifted its focus in the battle for clean air to the steel industry after cutting emissions from coal power plants, the former top polluter.On Sunday, the Ministry of Ecology and Environment and four other ministries released a joint directive intended to ensure steel mills in the country’s most polluted regions meet “ultra-low” emission standards by 2025.The announcement cited a leading environmental scientist’s estimate that the measure could reduce particulate emissions in areas… Source link

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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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