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Steel industry awaits indication of progress

The steel sector across Vietnam continues to face a variety of challenges to its growth prospects from multiple angles. ....

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Hard-hit steel producers need governmental push to pick up: insiders

Hard-hit by weakening demand and mounting costs, steel producers are expecting higher public disbursement in the last months of the year to lift them out of hardship. ....

Republic Of , Nguyen Van Sua , People Bank , Pomina Steel Corporation , Hoa Phat Group , Dai Thien Loc Corporation , Hoa Sen Group , Van Sua , Southeast Asia , Vietcombank Securities , Nam Kim Steel , Vietnams Steel Industry , Ietnam Economy , Ietnam Business News , Usiness News , Vietnam News , Ietnamnet News , Ietnam Latest News ,

Steel producers face gloomy business results despite huge potential

The rapid increase in the steel sector s production capacity in recent years has resulted in a glut in some steels, such as construction steels or irons, and cold rolled steel. ....

Republic Of , Thai Nguyen , Viet Nam , China Steel Corporation , Pomina Steel Corporation , Formosa Ha Tinh Steel Corporation , Formosa Plastics Group , Hoa Phat Group , Viet Nam Steel Corporation , Hoa Sen Group , Formosa Ha Tinh Steel , Southeast Asia , Nguyen Iron , Pomina Steel , Vietnams Steel Industry , Ietnams Steeel Market , Vietnam News ,

Policies needed to support steel industry development

Over-reliance on input material imports, small production value and outdated technology were among the major weaknesses of Vietnam s steel industry ....

Republic Of , Vietnam Academy Of Social Sciences , Vietnam Academy , Social Sciences , Vietnams Steel Industry , Vietnam Steel Market , Vietnam News ,

Local steelmakers red hot on investment

Local steelmakers red hot on investment
17:33 | 28/04/2021
Vietnamâs steel industry is now ranked in the top 15 biggest worldwide, photo Le Toan
In particular, locally-invested steelmaker Hoa Phat Group surpassed Taiwanâs Hung Nghiep Formosa Ha Tinh to become Vietnamâs largest steel producer after it produced two million tonnes of crude steel in the first quarter of this year, a 60 per cent increase on-year.
This success has shown the growth of domestic steel enterprises, breaking the monopoly created in 2018 when Formosa Ha Tinh became the leading crude steel producer with estimated output of over five million tonnes of crude steel, double Hoa Phatâs crude steel production, and reaching 3.44 million tonnes of hot rolled steel. Formosa was the only company in the domestic market that could produce hot rolled coil (HRC) at the time. ....

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