Vietnam’s steel production is expected to increase by 7 percent this year according to the Ministry of Industry and Trade and reported by Vietnam News. This growth, however, will run parallel with an antidumping investigation in the EU into Vietnamese steel.
Specifically, the investigation will look at non-alloy or alloy hot-rolled steel coil or HRC.
Of note, Vietnam has launched its own anti-dumping investigation into HRC from China. This is on the back of a flood of cheap steel into the country. As of the end of June, Chinese iron and steel imports into Vietnam totalled US$3.7 billion with a further US$2.1 billion worth of iron and steel products.
That said, Vietnam also exported about US$4.8 billion worth of iron and steel and US$2.1 billion worth of iron and steel products.
See also: Vietnam’s Hoa Phat Steel: Stock Review
