Vietnam Steel News

Typically, the low season months of construction, steel consumption is quite low.

Currently, if we include 10% VAT, the wholesale price of steel at the plant ranged from 18.5 to 19 million VND / T in the south, also in northern lower price than about 500,000 / T to 700.000d /

Investment licensing steel spill?

In Central Dana-Y has increased $ 300 compared with prices last week, the price is now at the non Phi 6 and 8 is 16,390 vnd / kg including 10% VAT.

In Western markets steel, steel companies have also adjusted Tay increased $ 400 USD per kg compared with truoc.Hien this week, Tay Do steel prices are at prices from 17.314 to 17.369 VND / kg for 6-10 type Africa . CT5 steel rebars, SD295A from 17.204 to 17.248 VND / kg, steel rebars SD390 17.259 to 17.333 price includes VAT and 10% discount to agents.

As known, according to the Ministry of Industry and Trade in the said two circular, some steel products have been applied for automatic import licenses to 31/12/2010.

Theoqui new regulations, license application period will be extended from 14 / 2 to 31/12/2011.

Price Management Department - Ministry of Finance had written request of the Vietnam Steel Corporation, Steel Corporation strives Vinakyoei cost savings, stabilizing steel prices, steel prices did not increase as the level registered before.

Ministry of Finance said that the Ministry has recently received the official registration of the enterprise cost of production, the steel business including the Vietnam Steel Corporation and Steel Company Vinakyoei.

May 7-2010, before the proposal of the Vietnam Steel Association, the Ministry of Industry and Trade has also issued regulations applicable to the import permit in late 2010.

Recently, the Vietnam Steel Association proposed to maintain these management measures to further control the amount of imported steel, reduce trade deficit. Steel Association also proposed application of this license for certain steel products like steel wires.

Q. Nhu

Steel enterprises are faced with the continued encroachment of foreign steel was in their home.

Foreign steel "override" the internal steel

In fact, spin dependent embryonic material from foreign ores are difficult math of the steel industry in Vietnam. Reality from the past 10 years, the domestic steel industry has made strides despite the years too, the rate of imported steel is superior.

The year on the production of steel in 2010, Mr Nguyen Tien Nghi, deputy chairman of VSA, said separately in 2010, production of embryos produced in the country reached 3.2 million tons.

Ingot production capacity to increase speed to meet the cast steel producer in the country to nearly 70%, this is a pretty impressive compared to embryos capable of meeting about 50% in 2009.

This is considered a "golden opportunity" for imported steel products flooding into Vietnam. Song is "anxiety" of the domestic steel companies.

Years ago, when foreign steel is imported into Vietnam to rise immediately, steel companies in the country "for help" to the Government, Ministry of Industry and Trade and the Vietnam Steel Association (VSA) to intervene, when the increase of import tax, import duties fell as steel ... to be able to cope with foreign steel.