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Vietnam now tottering steel sheet with cheap imports
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Last time, the steel sheet domestic enterprises to face the fierce competition of cheap imported steel sheet.
"Choking" is a phrase that many domestic steel sheet businesses have shared in recent times. The reason was never the domestic enterprises have to face the fierce competition of cheap imported steel sheet as of this time.
According to the Vietnam Steel Association, in 2013, production of galvanized steel sheet for domestic consumption was 1.7 million tons, of which imports accounted for 33%. By 2014, the consumption of this item at nearly 1.8 million tonnes, imports accounted for 43%. In the first 8 months of 2015, imports of coated steel sheet market share of 57%.
In an open economy, competition and the loss of market share that story normal capital market. However, the concern is in respect of steel imports into Vietnam, many products of unknown origin, "entered unnecessarily" in quality caused damage to consumers, local businesses can not edge Painting is.
Currently, many domestic enterprises operating only half capacity, even now have to stop production.
Issues surrounding the status of the steel sheet market in Vietnam and solutions, we have had discussions with Mr. Chu Duc Khai - Vice President and General Secretary of the Vietnam Steel Association.
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18/8/2025
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