Home Industries

Steel exports face head wind

Dec 8th at 14:47
08-12-2012 14:47:24+07:00

Steel exports face head wind

The amount of steel in stock has not decreased significantly while imported steel – mainly from China – keeps increasing, according to the Ministry of Industry and Trade.

To cope with the resulting pressure, domestic steel makers are struggling to find export outlet for their products. Many have boosted trade promotion in order to find investing opportunities in potential markets like Cambodia and Turkey.

The total capacity of Viet Nam's steel producers reached 586,000 tonnes last month, an 8 per cent increase compared to the same period last year while domestic consumption was still low.

vietnamnews

MOST READ

NEWS SAME CATEGORY

Viet Nam anticipates record-high rice exports
INDUSTRIES Dec 6th at 12:42

Viet Nam anticipates record-high rice exports

Viet Nam hopes to export at least 550,000 tonnes of rice this month, which would bring full-year exports to a record-high of 7.65 million tonnes, according to the...

Rare earth processing plant to be built
INDUSTRIES Dec 6th at 12:36

Rare earth processing plant to be built

A hi-tech rare earth processing plant will be built in Ha Long city in the northern province of Quang Ninh, according to an agreement signed on Tuesday by Global...

Tan Rai bauxite plant to release first product in mid-December
INDUSTRIES Dec 5th at 22:09

Tan Rai bauxite plant to release first product in mid-December

At a meeting on December 3, Deputy Minister of Industry and Trade, Le Duong Quang, said that this is the first time Vietnam has such a large bauxite project...

Tighter controls on import quality urged
INDUSTRIES Dec 4th at 12:26

Tighter controls on import quality urged

Stricter import controls were necessary to prevent products of unverified quality being sold on the domestic market, said Nguyen Huu Thien, former director of the...

Industry still leading tax contributor
INDUSTRIES Dec 3rd at 21:15

Industry still leading tax contributor

The industrial sector continued to be the leading tax contributor on the list of the 1,000 leading corporate taxpayers in Viet Nam, accounting for 66 per cent of...

Indonesia in top five car exporters to Vietnam, why?
INDUSTRIES Dec 3rd at 13:30

Indonesia in top five car exporters to Vietnam, why?

The list of the five biggest car exporters to Vietnam has for the first time seen a new name – Indonesia. This is really a big surprise.

Vietnam Manufacturing PMI rises to its highest level since September 2011
INDUSTRIES Dec 3rd at 09:29

Vietnam Manufacturing PMI rises to its highest level since September 2011

“The rebound of manufacturing activity is anticipated and much-needed. The expansion is supported by stronger credit growth as well as relatively benign inflation...

Industry remains sluggish, inventories high
INDUSTRIES Dec 1st at 08:37

Industry remains sluggish, inventories high

Industrial production continued to see low growth this month with the nation's Index of Industrial Production (IIP) increasing just 4.8 per cent over October...

Vinh Son-Song Hinh hydro-power profit down
INDUSTRIES Dec 1st at 08:33

Vinh Son-Song Hinh hydro-power profit down

Vinh Son Song Hinh Hydro-Power Co (VSH) posed a reduced net profit of just VND45.45 billion (US$2.2 million) in the third quarter, down 20 per cent compared to the...

Shrimp export value to rise 6.5% in fourth quarter
INDUSTRIES Dec 1st at 08:26

Shrimp export value to rise 6.5% in fourth quarter

Viet Nam will gain a quarter-on-quarter increase of 6.5 per cent in the export value of shrimp, as the value will rise to US$650 million for the last quarter this...

Read More

MOST READ

Back To Top