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Vietnamese Steel Mills Reduce Rebar Prices by 2%

Vietnamese Steel Mills Reduce Rebar Prices by 2%
VnExpress reported that the price of construction steel in Vietnam has dropped to below VND 17 million per tonne (USD 732). The Viet Duc Steel Company
08 Jul, 2021 , 3:12 am
VnExpress reported that the price of construction steel in Vietnam has dropped to below VND 17 million per tonne (USD 732). The Viet Duc Steel Company said it has lowered prices of steel bars and coils by VND 300,000 per tonne from July 1, while the Thai Nguyen Iron & Steel Joint Stock Corporation reduced the prices of steel coils by VND 300,000 to around VND16.7 million per tonne. The decline in prices of construction steel in the Vietnamese market over the past few weeks has been attributed to lower prices of steel billets in the world market. ....

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Steel manufacturer tries to revive after 10 years of being idle

Steel manufacturer tries to revive after 10 years of being idle
Chia sẻ |
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14/05/2021

15:00
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The expansion of the Thai Nguyen steel project has yet to be completed after 14 years. Several former managers of the Thai Nguyen Iron and Steel JSC (Tisco) have been sent to prison for wrongdoings related to the project.
The defendants
The Thai Nguyen Cast Iron and Steel Complex was the ‘first child’ and the pride of Vietnam’s metallurgy sector. Tisco was once a strong brand in the industry. But since 2018 its performance has steadily declined. ....

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Local steelmakers red hot on investment

Local steelmakers red hot on investment
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02/05/2021

06:32
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Over recent months, the steel market has retained positive momentum after its recovery in mid-2020, helping many steel producers record a strong performance in the first quarter of 2021.
Vietnam’s steel industry is now ranked in the top 15 biggest worldwide
In particular, locally-invested steelmaker Hoa Phat Group surpassed Taiwan’s Hung Nghiep Formosa Ha Tinh to become Vietnam’s 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. ....

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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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Trial of ex-minister of industry and trade, accomplices reopens | Society

(Photo: VNA)
Hanoi (VNA) – The
People’s Court of Hanoi on
April 22 resumed a trial for ex-minister of industry and trade Vu Huy
Hoang who involves in the cases of “violating regulations on the
management and use of State assets, causing losses and wastefulness,” and “violating
regulations on land management” that occurred in the Ministry of Industry and
Trade (MoIT) and Ho Chi Minh City.
Being brought to the court were also former director of the MoIT’s
Light Industry Department
Phan Chi Dung;
former Vice Chairman of the HCM City People’s Committee Nguyen Huu Tin; former deputy director of the HCM City Department ....

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