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steel import
Update news steel import
New steel import decree not helping domestic steel manufacturers
The aim of the Ministry of Science & Technology’s Circular No 44 was to tighten control over steel imports and prevent low-quality imports from entering Vietnam. However, it has turned out to be a hindrance to domestic manufacturers.
BUSINESS IN BRIEF 12/2
VND to be added to Big Mac Index; Da Nang revokes licenses of mineral companies; Thailand’s leading retailer says to open store in Vietnam; Low demand pushes down goods prices; Thaco’s engine plant project behind schedule
Exports will save Vietnam’s steel industry
The steel exports have been increasing steadily over the last few years, which is believed to be the way out for the domestic oversupply. The steel exports have always been higher than 2 million tons per annum since 2010.
