VietNamNet reported that Vietnamese steel manufacturers all say they are striving to have a green steel industry. However, this would mean higher production costs and lower competitiveness. According to Mr Pham Chi Cuong chairman of Vietnam Steel Association, Vietnam still has not set up standards for energy, material and water consumption for manufacturing steel. Therefore, [...]
Vietnam imported more than 4 million tonnes of steel in the past seven months of 2011, up 9 percent compared to the same period last year. In the reviewed period, the country exported approximately 940,000 tonnes of steel worth US$881 million. Despite a year-on-year increase of 44.2 percent, Vietnam’s steel import surplus remained high, at [...]
In the second quarter of this year, steel consumption dropped sharply, causing more difficulties for a series of steel makers, Vietnam Steel Association (VSA) said. In details, the total volume of stockpiled steel of enterprises was nearly 500,000 tonnes and the production capacity reached only 50-60 percent. According to VSA’s calculation, steel manufacturers will have [...]
Vietnam Steel Association (VSA) said enterprises in the industry had nearly 0.5 million tons of steel in inventory as at the end of Q2/2011 due to slow sales in the quarter. Sales in the second quarter fell as demand plunged on public investment cut. Most of steel mills run at 50-60% capacity meanwhile many new [...]
Around one-fifth of enterprises in the country’s steel industry will likely go bust soon due to the very sluggish consumption of construction steel in the past two months, the Vietnam Steel Association warned. Nguyen Tien Nghi, vice chairman of the association, said the steel industry had slashed its output of construction steel by now due [...]
After scrutinising recommendations from relevant associations, the Ministry of Finance yesterday said it would not impose the previously proposed export tax of 3 per cent on steel and 5 per cent on cement at this time. The ministry last month submitted a proposal to the Government that called for export taxes on steel and cement, [...]
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
China Business News