|Violations in State Steel Corporation uncovered|
|PM inspects environment at Formosa Ha Tinh steel company|
|Steel production up 7 percent in 6 months|
|(Photo: Nha Dau Tu)|
Accordingly, 120,000 tonnes of steel billets produced at Hoa Phat Dung Quat Steel Complex, Quang Ngai, southern Vietnam, are imported to and used by Chinese steel rolling mills. The order will be fulfilled with multiple deliveries between July-August.
Steel exports in the first four months of 2020 have reached 583,000 tonnes, translating into US $ 318 million. Vietnam’s steel export was more or less affected by the advent of COVID-19.
The country has exported 2.58 tonnes of irons and steels, which worth US $1.42 billion. China, Campuchia, Thailand are still Vietnam’s three largest importers of irons and steels, with a volume of 479,000 tons, 456,000 tons, and 233,000 tons respectively, as reported by VNE.
Hoa Phat Group has been enjoying surges in steel exports in recent years. The company shipped about 195,000 tonnes of steel billets abroad in 2019, of which 97.4 percent were to China.
The group’s steel billets export volumes in 2020’s first four months to ASEAN countries and China tops 500,000 tons, meanwhile, Chinese importers occupy 43 percent, which is translated into over 200,000 tonnes, of the volume.
Last year, Hangzhou CIEC Group ordered more than 100,000 tonnes of steel billets from Hoa Phat, VNA reported.
|Vietnam’s massive steel imports hurt local manufacturers |
Vietnam has spent more than US$7.6 billion on steel imports in 2016, even though local manufacturers are capable of producing most steel products to meet ...
|Steel, iron import value rises 30 percent |
The import value for steel and iron products continuously surged sharply in the first month of 2017 to 710 million USD, the General Statistics Office ...
|More than 10,000 ton of iron and steel scraps imported into Vietnam everyday |
2.7 million tons of iron and steel scraps was imported into Vietnam during the first nine months this year.