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Proposed steel import tax reduction to threaten domestic steel production: VSA

02:20 | 04/08/2021

Reducing the import tax for construction steel products will threaten domestic steel production, the Viet Nam Steel Association (VSA) has said.

  • Steelmakers question timing of product tax adjustments

    02:20 | 04/08/2021

    Some steelmakers are urging the Ministry of Finance to take a closer look at a proposal to add an export tax on steel billets and cut import taxes for other steel products as these could hurt their operations, although the change is primarily being set up to stabilise domestic prices.

  • Australian anti-dumping report on Vietnamese steel delayed again

    02:20 | 04/08/2021

    Australia’s Anti-Dumping Commission (ADC) has extended the deadline for a report into allegations of dumping and subsidisation of precision pipe and tube steel imported from Việt Nam, China, the Republic of Korea and Taiwan (China), for a fifth time.

  • Finance ministry proposes up to 10% tax cut for imported steels

    02:20 | 04/08/2021

    The move would put local steel companies under pressure to expand production and upgrade technologies to reduce costs and compete with imported products.

  • Indonesia halts anti-dumping measures on cold steel sheets from Vietnam

    02:20 | 04/08/2021

    The Indonesian Government has moved to stop applying anti-dumping measures on a number of cold–rolled steel sheets originating or imported from Vietnam, according to the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam (TRAV).

  • Steel prices suffer decline of VND300,000 per tonne

    02:20 | 04/08/2021

    The price of steel has continued to drop by VND300,000 per tonne, marking the third significant fall after reaching a highs back in late 2020.

  • Vietnamese iron and steel exports to the EU soar

    02:20 | 04/08/2021

     Iron and steel exports to the EU reached 713,000 tonnes in the first five months of this year, up five times year-on-year, reported the General Department of Customs.

  • Steel prices cool down

    02:20 | 04/08/2021

    After sharp increases to above VND19,000 per kilogram, causing difficulties for construction projects, steel prices have gradually cooled down to around VND17,000 per kilogram in recent days, depending on brands and products.

  • MoIT asks for cooperation in anti-dumping investigation on imported steel products

    02:20 | 04/08/2021

    The Trade Remedies Authority under the Ministry of Industry and Trade (MoIT) said that it had sent questionnaires on end-of-term review of anti-dumping measures against imported galvanized steel products originated from China and the Republic of Korea (RoK) to all foreign steel producers and exporters.

  • Vietnam's steel industry remains attractive in second half

    02:20 | 04/08/2021

    According to Mirae Asset Security (Mirae Asset), Vietnam's steel industry in the second half of 2021 is still attractive, with a valuation 20 per cent lower than the region.