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steel
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Steel exports surge 130 pct as global demand shoots up
Steel exports rose by nearly 130 percent in the first 11 months of this year to US$10.8 billion, according to the Vietnam Steel Association.
Steel exports surge 127 pct
Steel exports increased by 43.4 percent year-on-year in the first eight months to 8.54 million tons, and were worth $7.1 billion, a 127 percent rise.
Rising steel prices make housing costlier
Rising steel prices have caused housing prices to rise by 5-10 percent so far this year, industry insiders said.
August 14, 2021 | 04:49 pm PT
Hoa Phat posts record-high quarterly profit
Leading steelmaker Hoa Phat Group posted its highest ever quarterly profit in the second quarter at VND9.7 trillion ($423 million), tripling year-on-year.
July 30, 2021 | 03:35 am PT
Fruitful first half-year for many business sectors
It has been a good six months for the steel, fertilizer and securities industries, with many companies achieving or even exceeding their full-year targets by June 30.
July 22, 2021 | 09:46 pm PT
Steel exports to China double
Vietnam has exported 1.1 million tons of steel to China in the first five months of 2021, twice that of last year, according to the General Department of Vietnam Customs.
June 21, 2021 | 06:35 pm PT
Leading steelmaker to buy first iron ore in Australia
Hoa Phat Group has been allowed to purchase an iron ore mine in Australia with estimated reserves of 320 million tonnes.
May 31, 2021 | 12:40 am PT
Steelmaker proposes building power plant for iron and steel complex
Hoa Phat Group plans to build a captive thermal power plant for its proposed Hoa Phat Dung Quat 2 Iron and Steel Production Complex in central Quang Ngai Province.
May 27, 2021 | 09:27 pm PT
Rising raw material, feedstock prices distress manufacturers
The sharp rise in the prices of inputs used in the steel, wood processing and other sectors is exacerbating difficulties for companies in these pandemic times.
May 19, 2021 | 03:03 am PT
Domestic consumption, exports of steel surge
Steel exports and domestic consumption grew by 40 percent and 68 percent in the first four months of 2021.
May 16, 2021 | 09:06 pm PT
Vietnam seeks to stabilize steel prices
The government has asked steelmakers to implement several steps to control rising steel prices that are hurting construction contractors.
May 10, 2021 | 11:48 pm PT
Construction materials prices surge as demand recovers
A sharp rise in steel and sand prices due to lack of supply is sending construction costs skyrocketing.
May 8, 2021 | 05:02 pm PT
No cartel pushing up steel prices: ministry
The Ministry of Industry and Trade says no cartel is behind higher steel prices, attributing the rise to costlier imports of intermediate goods.
May 6, 2021 | 01:16 am PT
Construction contractors seek investigation into steel price rise
The Vietnam Association of Construction Contractors wants the Government Office to investigate why steel prices have skyrocketed, pushing many contractors to the brink of bankruptcy.
April 23, 2021 | 11:01 pm PT
Steelmaker Hoa Phat eyes residential real estate diversification
Leading steelmaker Hoa Phat Group is considering expanding its business activities into residential real estate to pursue further growth.
April 22, 2021 | 08:02 pm PT
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