China put pressure on Vietnam's steel industry
China's efforts to bolster exports by slashing prices below $1,000 per tonne have exacerbated the already rising burden on the steel sector
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- Jun 13
Vietnam's steel industry revenue in the first half of 2023 may decrease by up to 80%
Weak steel demand makes the steel industry's revenue in the first half of 2023 estimated to decrease by 70-80% compared to the same period
- May 9
Although ramped up production, steel Hoa Phat sales in April dropped still 24%
Though local steelmaker Hoa Phat Group ramped up production in April, with raw steel output rising 19% month-on-month to 525,000 tons
- Apr 20
Businesses respond when the EU imposes a carbon tax on imported goods
Iron and steel, cement, fertilizer, aluminum, electricity, and hydrogen are products that will be subject to carbon tax when exporting
