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vi-VNen-US
Steel industry record trade deficit of more than 7 billion USD
Ngành thép nhập siêu kỷ lục hơn 7 tỉ USD
On 9-1, VN Steel Association (VSA) said estimated 18.75 million tons of steel had finished and semi-finished products imported into VN in 2015, up 3.55 million tonnes from 2014 (respectively 23.42%), with total import turnover of over 9 billion. Meanwhile, turnover [...]
Updated at 20/01/2016 12:13 PM
On 9-1, VN Steel Association (VSA) said estimated 18.75 million tons of steel had finished and semi-finished products imported into VN in 2015, up 3.55 million tonnes from 2014 (respectively 23.42%), with total import turnover of over 9 billion.

Meanwhile, exports of the steel industry in 2015 was estimated at less than US $ 2 billion trade deficit gave the steel industry reached more than $ 7 billion, the highest increase in three years.

The steel import surges in recent years, mainly from the Chinese market with many "knots" in the stage of filing, has caused great pressure on the capacity of domestic steel production, particularly for Construction steel.

Specifically, more than 1.62 million tons of rolled steel and rebar was imported in 2015, while domestic production of steel reached 1.13 million tonnes only.

VSA also recorded in 2015, the steel industry was facing VN 18 lawsuits related to the field of trade remedies, including litigation initiated 12 anti-dumping from countries in the region and beyond.
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