A Vietnamese supplier of both flat and long steel: tháng 7 2019

Thứ Hai, 29 tháng 7, 2019

The Most Reliable Pre-Painted Steel Supplier in Vietnam

MRS Steel is a reliable pre-painted steel supplier in Vietnam with seasoned experience exporting Vietnam pre-painted steel all around the world like US, EU, SE Asia, Middle East, Mexico, Canada, Australia, India….

Pre-painted steel in Vietnam has been massively produced to serve huge demand of not only domestics but also export markets. Pre-painted steel in Vietnam is produced with new updated modern production lines, mainly from top global brand Danieli in Europe, so that the quality is better and better when compared with pre-painted steel produced by outdated production lines from most of the old mills in China, India.

Vietnam Exports GI, GL, PPG Steel to Canada, 30 times higher than 2018.

#Canada #Antidumping #CoatedSteel

Earlier, on July 26, 2018, Canada initiated an Anti-dumping coated steel investigation (CORE) imported from China, territories Taiwan, India and South Korea.

Items that are subject to investigation according to the classification of Canadian customs of Canada belong to codes: 7210.30.00.00; 7210.69.00.10; 7212.50.00.14; 7210.49.00.10; 7210.69.00.20; 7225.91.00.00; 7210.49.00.20; 7212.20.00.00; 7225.92.00.00; 7210.49.00.30; 7212.30.00.00; 7226.99.00.10; 7210.61.00.00; 7212.50.00.00.

On 22 January 2019, Canada issued the final conclusion....

Chủ Nhật, 28 tháng 7, 2019

The Most Reliable Galvanized Steel Supplier in Vietnam

MRS Steel is a reliable galvanized steel supplier in Vietnam with seasoned experience exporting Vietnam galvanized steel all around the world like US, EU, SE Asia, Middle East, Mexico, Canada, Australia, India….

Galvanized steel in Vietnam has been massively produced to serve huge demand of not only domestics but also export markets. Galvanized steel in Vietnam is produced with new updated modern production lines, mainly from top global brand Danieli in Europe, so that the quality is better and better when compared with steel produced by outdated production lines from most of the old mills in China, India.

https://mrssteel.com.vn/the-most-reliable-galvanized-steel-supplier-in-vietnam/

Foreign Investment in Vietnam Prospered After EVFTA

Since the time of EVFTA’s approval, investment in Vietnam has had many new changes.

In the first 6 months of 2019, there were 1,723 newly licensed projects, with a total capital of 7.41 billion USD and 628 registered projects with a total registered capital increased by 2.94 billion USD.

Besides, there were 2,297 investment projects through M&A with a total capital of up to 8.2 billion USD.

Regarding to investment sector, foreign investors have invested in 19 sectors, focusing mainly on processing and manufacturing.

https://mrssteel.com.vn/foreign-investment-in-vietnam-prospered-after-evfta/

The Most Reliable Galvalume Steel Supplier in Vietnam

MRS Steel is a reliable galvalume steel supplier in Vietnam with seasoned experience exporting Vietnam galvalume steel all around the world like US, EU, SE Asia, Middle East, Mexico, Canada, Australia, India….

Galvalume steel in Vietnam has been massively produced to serve huge demand of not only domestics but also export markets, which is produced with new updated modern production lines, mainly from top global brand Danieli in Europe, so that the quality is better and better when compared with galvalume steel produced by outdated production lines from most of the old mills in China, India.

Nowadays, galvalume steel offer from China, India is less and less competitive than from Vietnam because many countries in the world applied anti-dumping and safeguard against steel products from China, India, including galvalume steel coils.

Thứ Sáu, 26 tháng 7, 2019

Vietnam exported 35,000 tons CRC, GI, GL, PPG to Mexico in June, 2019

Mexican importers bought 35,000 tons of flat steel from Vietnam in June including CRC, GI, GL, PPG.

After imposing anti-dumping CRC from China, Taiwan and South Korea, almost importers have lost their regular material sources from these countries and need to find a better solution.

Mexico is a big country, the steel market is lively with huge consumption. The restriction of import sources has affected many steel importers from this country.

According to statistics, Vietnam is a potential steel source for the Mexican market with top quality and high-tech factories to meet customers’ demand. The table

Thứ Năm, 25 tháng 7, 2019

TIS Certificate – How to Achieve It ?

TIS Certificate is a quality certificate of goods issued by the Thai Industrial Standards Institute. Like other countries, Thailand has its own quality standards system, and Thailand’s standard system is Thailand Industrial Standard. According to the Royal Thai Law, countries that want to import into Thailand must comply with this standard system, however, some products are required to register for TIS Certificate, others do not.

The first step in the TIS Certificate registration process is to apply for a certification according to TISI standards.

Next is to prepare documents and propose a project to implement certification for TISI.

Immediately after that, the factory will have to prepare product samples to inspect at the Lab. The difficulty here is that the sample will only be inspected in designated laboratories or if the factory already has a Lab Certificate, then the sample test must still be supervised by the TISI Inspector.

Besides, the Inspector will also inspect the factory, verify the documents that the factory has prepared.

The US Imposes Anti- Evasion Duties On Vietnamese Steels – Good Or Bad?

On July 2, US Department of Commerce issued a Decision on immediate application of temporary tax evasion measures for CORE and CRC productsimported from Vietnam.

According to the announcement, the US Department of Commerce will instruct the Custom and Border Protection Department to collect taxes on imports of CORE and CRC imported from Vietnam produced from substrates originating from Korea or Taiwan. Loan. The tax rate is 456.23%, depending on the origin of the substrate and type of steel products exported to the United States.

The United States has just released three conclusions for investigating the spike in these items imported from Vietnam after Taiwan and China were subject to tax. Accordingly, from the time of Korea and Taiwan was imposed by the US Anti-Dumping duty in the period from December 2015 to April 2019, Vietnamese products imports into the United States increased by 331.9% compared to the previous period.

Maybe this is a disadvantage for Vietnamese products, but when analyzing carefully it is harmful but also beneficial.

https://mrssteel.com.vn/the-us-imposes-anti-evasion-duties-on-vietnamese-steels-good-or-bad/

How To Get SNI Certificate Without Experience

Similar to Malaysia, Indonesia is located in the perimeter of the earth’s crust which is unstable and often occurs in natural disasters, therefore, production in this country does not thrive and become a destination for products exports of many countries, including Vietnam.

Indonesia is not an unfamiliar market for Vietnam’s export goods. According to statistics, the annual output of Vietnamese products exported to Indonesia is quite large. This shows that this is a potential market for Vietnam’s export products.

However, there is a barrier to protecting Indonesian domestic consumers. Indonesia Government has build a Standard System, products need to be inspected to meet the Standard before being imported.

SNI is the only standard that is applied to products and services nationally in Indonesia and is used to determine the conformity of the standard quality of a product. SNI is obtained via a third–party product certification system with specified requirements. These requirements include product sample testing, quality system assessment and surveillance during the entire process.

Start A New Business In Vietnam – Why Not?

Vietnam is a beautiful country, located in the South East Asian. With the gateway position of Indochina region, the central location of Southeast Asia, Vietnam has recently become a country with high growth rates and attracted many foreign investment sources.

According to the annual report, Vietnam’s growth rate is 7.08%, and is among the fastest growing economies in the region and the world. Beside that, Vietnam is internationally regarded as one of the most successful FDI attraction countries in the region and the world, becoming a reliable and effective investment destination in the eyes of foreign investors. The 2018 report of the United Nations Trade and Development Organization evaluates that Vietnam is among the 12 most successful countries in FDI attraction.

The reason, Vietnam can attract such investment because recently, the Government of Vietnam has a lot of policies to support foreign investment as well as support for foreigners who want to invest in Vietnam. Such as tax incentives for investment projects in the region or preferential industries.

https://mrssteel.com.vn/start-a-new-business-in-vietnam-why-not/

India Trade Defense – Where Is The New Way?

In the second quarter of 2019, the Indian Government took many actions to protect the domestic steel market.

In April 6th, an anti-dumping investigation on Aluminium and Zinc Coated Steelimports from China PR, Vietnam and Korea RP had initiated.

After that, in July 3rd, another anti-dumping investigation concerning imports of Flat Rolled Products of Stainless Steel from China PR, Korea RP, European Union, Japan, Taiwan, Indonesia, USA, Thailand, South Africa, UAE, Hong Kong, Singapore, Mexico, Vietnam and Malaysia have been launched.

Beside that, in early May, India steel markers seek 25% safeguard duty on imports. And the Government has intent to increase the customs duties on steel.

These new moves show that the Indian government has seen outstanding growth of steel imports in the past.

Currently, customs duties on steel are 15%, however, the authorities are planning to raise this tariff by another 7 – 12.5%, ie customs duties will be around 22 – 27.5%

https://mrssteel.com.vn/india-trade-defense-where-is-the-new-way/

Eu Steelmakers Lobby Hard For Safeguard Changes

European steelmakers are lobbying hard for expedited and substantive changes to the definitive steel safeguard, including for product category one, hot-rolled coil (HRC).

Mills want the HRC quota, which is currently global, to be country-by-country as with other products. They cite surging imports in the first quarter of this year, despite the safeguard being implemented on 2 February. A total of 2.31mn t of wide HRC was imported to the EU 28 in January-March 2019, up by 15pc from 2mn t in the same period last year.

Most notable has been the growth in Turkish import volumes, which soared to 1.07mn t from 712,000t in the first quarter of 2018. Domestic mills argue that the safeguard has failed to adequately counter the diversion from the US, especially since the Section 232 steel and aluminum tariffs were doubled to 50pc in August last year.

The tariffs have now been relaxed to 25pc and Turkish offers to the EU have not been competitive for the past three months or so. In fact, EU-28 exports to Turkey rose to 178,000t in March, their highest level since December 2017, as domestic sellers looked to offload tonnes in a weakening market. Turkey is also the largest market for EU HRC mills, despite volumes falling dramatically last year as the country grappled with a 50pc contraction in domestic demand.

https://mrssteel.com.vn/eu-steelmakers-lobby-hard-for-safeguard-changes/

Anti-dumping duty likely on hot, cold rolled steel items

Price is WTO-compliant and cannot be contested by exporting countries

The Ministry of Commerce has recommended anti-dumping duty on steel products imported from Japan, China, Korea, Brazil, Indonesia, Russia and Ukraine for five years, insulating the domestic steel industry from predatory priced imports.

On Tuesday, the Directorate General of Anti Dumping under the Ministry of Commerce issued a final recommendation to fix the import price of hot rolled coil at $489 a tonne, hot rolled plates and sheets at $561 a tonne and cold rolled coils at $576 a tonne.

The anti-dumping duty will be the price difference between the landed cost and the price indicated by the Centre, said the order.

The definitive anti-dumping duty recommended by the Ministry is completely WTO-complaint and cannot be contested by the exporting countries.

https://mrssteel.com.vn/anti-dumping-duty-likely-on-hot-cold-rolled-steel-items/

Asia Hot Rolled Coil ( HRC ) Market Price Trend

Domestic Chinese HRC prices keep increasing since last Wednesday based on local producers’ trust in the direct & indirect effects of an increase in iron ore & governmental production limitation policies.

Idea export prices of HRC SAE 1006 ex China is being referred at usd/mt 525 FOB. This price level is too tough at this moment for ASEAN markets to absorb when the demand is rather slow due to sharp decrease in demand of processing & re-exporting of the main ASEAN re-rollers. Whereas, main markets such as Indonesia, Malaysia, Thailand and Vietnam are watching how the market will go on next days before making new purchase decision.

Taiwanese HRC mills are not in an urgent status of offering for Sept shipment orders, which may stemmed from their caution in this sensitive period. Idea prices of HRC SAE 1006 ex Taiwan should be around 530-540 CFR ASEAN.

https://mrssteel.com.vn/asia-hot-rolled-coil-hrc-market-price-trend/

The US Impose Anti-dumping and Anti-subsidy all HRC from Taiwan, Korea, China

The US Department of Commerce decided to impose “double” anti-dumping and anti-subsidy taxes.

US Customs will start collecting deposits for the above two products for countries using HRC from China, and apply a deposit equivalent to anti-dumping and countervailing duties. which the United States is applying to China, South Korea or Taiwan – which has been imposed by the US since 2016.

In the case that a business does not prove that the goods exported to the United States use hot rolled steel from a country, it must be subject to the tax rate imposed by the US on China to avoid tax evasion.

For galvanized steel products, the US anti-dumping tax rate for China is 199.43%, anti-subsidy tax is 39.05%.

https://mrssteel.com.vn/the-us-impose-anti-dumping-and-anti-subsidy-all-hrc-from-taiwan-korea-china/

Review HRC price from 8th July to 13th July 2019

In begining of the second week of this July, HRC SAE 1006 ex China was offered into Asia market was 520$/MT FOB for Aug shipment. CRC was 550$ FOB and GI was 615$ FOB. The HRC price has fluctuated vaguely during this week although variation is not much.

Take a look at steel price index from 8th July to 13th July 2019, there is only coke price remaining stable level at 253$. Other indexes were in unpredictable trend.

Coal, in general, followed down trend. Although there was a small counter movement in middle of the week, coal dropped from by 2$ and reaches 75.43$ today.

Scrap, in spite of changing and reversing everyday, the average level was around 299$ decreasing slightly in comparison with beginning of the week. So did iron ore, which also followed complicated trend. However, iron ore has been up by 3$ and is 120.32$ now.

Zinc firstly went down but then went up and reversed to nearly the same level at 2,426.00$. In contrary, alu alloy soared first then fell in later days but increased significantly in the end and hits 1,260.00$ by today, a 45$ dissimilarity of the beginning of the week.

https://mrssteel.com.vn/review-hrc-price-from-8th-july-to-13th-july-2019/

Canada Seeking Vietnam CORE Steel after Anti-dumping 4 Countries

Steel importers from Canada looking for coated steel coils (Galvanized and galvalume) from Vietnam after the country made a final determination of dumping of certain corrosion-resistant steel sheet from China, Taiwan, India, South Korea on January 22, 2019.

The subject goods are usually classified under the following tariff classification numbers:

7210.30.00.00

7210.49.00.10

7210.49.00.20

7210.49.00.30

7210.61.00.00

7210.69.00.10

7210.69.00.20

7212.20.00.00

7212.30.00.00

7212.50.00.00

7225.91.00.00

7225.92.00.00

7226.99.00.10

The listing of tariff numbers is for convenience of reference only. The tariff numbers may include non-subject goods. Also, the subject goods may fall under

https://mrssteel.com.vn/canada-seeking-vietnam-core-steel-after-anti-dumping-4-countries/

Thứ Tư, 24 tháng 7, 2019

Gulf Importers Seeking Vietnam Pre-Painted Flat Steel after safeguard applied

Gulf Importers Seeking Vietnam Pre-Painted Flat Steel (PPGI PPGL) after definitive safeguard measure on GCC imports of Pre-Painted Flat Steel on 25/04/2018.

Gulf countries are including:

The United Arab Emirates.

The States of Bahrain.

The Kingdom of Saudi Arabia.

The Sultanate of Oman.

The State of Qatar.

The State of Kuwait.

Gulf countries impose a definitive safeguard measure on GCC imports of Flat Rolled Iron or Steel, 600mm width or more, Painted, Varnished or Plastic Coated and Other (Pre-Painted Flat Steel) which is classified under HS code (721070, 721090) of the GCC-Unified Tariff Code,

All the economic operators and concerned Governmental Authorities in the country shall apply the definitive safeguard measure, as follows:

Updated ASEAN HRC steel price – 20th July, 2019

With the movement of steel market accompany with Chinese HRC price hike during these vibrant days , Formosa Ha Tinh has released new Vietnamese HRC price for August shipment to catch up with market locomotion.

New Vietnamese HRC price has been launched with an increase of 25 usd/mt higher than previous month, which now reaches 535 usd/mt FOB.

This level is higher than Vietnamese manufacturers and foreign buyers’ expectation. The market looked forward for a slight rise of 5-10 usd/mt compared to July shipment prices. However the HRC variability is more than market’s prediction.

Some general prices are offered in the market now:

HRC SAE 1006/SPHC/SPHT1: 535 usd/mt FOB
HRC SPHT3, S235JR, SG255, SS490: 555 usd/mt FOB
HRB without skinpass: 530 usd/mt FOB
SS400 and pipe making grade: 525 usd/mt FOB

Mexican Importers Seeking Flat Coated Steel from Vietnam after Anti-dumping China, Taiwan

Mexican importers seeking flat coated steel from Vietnam after anti-dumping is applied for steel from China, Taiwan.

On 6 June 2016, Mexico officially imposed a definitive duty on imports of certain flat coated steel from China and Taiwan. The rate of the duty imposed on imports from Taiwan is 22.26% or 52.57% depending on the company. The rate of the duty imposed on imports from China is between 22.22% and 76.33% depending on the company.

On 18 December 2015, the Mexican Ministry of Economy initiated an anti-dumping investigation on certain flat coated steel from China and Taiwan. The products subject to investigation are classified under the following HS code: 7210.30.01, 7210.30.99, 7210.41.01, 7210.41.99, 7210.49.01, 7210.49.02, 7210.49.03, 7210.49.04, 7210.49.99, 7210.61.01, 7210.70.01, 7210.70.99, 7212.20.01, 7212.20.02, 7212.20.99, 7212.30.01, 7212.30.02, 7212.30.99, 7212.40.03, 7212.40.99, 7225.91.01, 7225.92.01, 7226.99.01 and 7226.99.02.

The complaint was lodged on 15 September 2015 by Ternium México, S.A. de C.V. and Tenigal, S. de R.L. de C.V.

25% Safeguard Duty for Imported Steel is The Right Way for India?

At the beginning of the second quarter of 2019, at the request of domestic steel producers, the India’s Directorate General of Trade Remedies planned to collect evidence of the damage caused by the sudden increase in steel imports since after the US applied the 25% tax rate under Section 232 to steel imported into the US market.

Indian steel producer say the India Government should apply 25% safeguard duty on imported steel products except for some products that cannot be produced in India. According to their petition, steel exporters from Korea, Japan, China and ASEAN countries have shifted to 43% of the volume they lost from the US to India.

However, this request was strongly opposed by small and medium steel producers as well as the Consumer Association in India. From this point of view, as of May 2019, total imports accounted for only 4.68% of the total domestic steel production. In addition, domestic steel prices in India are much higher than imported steel.

If the 25% safeguard duty imposed, not only were the exporters affected, but it was also a sad scenario for the Indian domestic steel market.

SIRIM – The Key For Vietnamese Goods To Access Malaysia Market

Malaysia is a beautiful island country located near the equator and also in the belt of an unstable Earth’s crust frequently occurring disasters such as earthquakes, tsunamis and tropical storms. Therefore, investors always consider the construction of a factory in Malaysia.

Because of this reason, Malaysia becomes a trade deficit country and in order to improve the quality of imported goods into the domestic market, Malaysia has introduced the Malaysia Standard national standard. Goods that want to be imported into Malaysia are required to have a certificate that satisfies this standard.

The first step to reach the market is be approved by SIRIM QAS INTERNATIONAL – The only unit authorized by the Malaysian Government to license import goods.

There are 3 Method to apply Certificate for Approval for product.

– Apply for a Certificate of Approval for each shipment but the product does not need to be verified (Method 1).

India Trade Defense – Where is The New Way ? ( Part 2 )

Following Part 1, you can see via this LINK

As previously news, India has recently implemented strict trade defense measures to protect domestic production, including an anti-dumping investigation of aluminum and zinc coated steel products imported from Korea, China and Vietnam.

Yesterday, the Indian Government issued a notice of the preliminary investigation. The results are shown in the following table:

No	Country of Origin/ or Export	Country of Export	Producer	Duty Amount (USD/ton)
1	Korea RP	Korea RP	Dongkuk Steel Mill Co., Ltd	28.67
2	Korea RP	Korea RP	POSCO	113.49
3	Korea RP	Korea RP	POSCO Coated & Color Steel Co., Ltd	113.49
4	Korea RP	Any	Any other producer	122.66
5	Any country	Korea RP	Any	122.66
6	Vietnam	Vietnam	Ton Dong A Corporation	45.35
7	Vietnam	Vietnam	Hoa Sen Group	54.07
8	Vietnam	Vietnam	Tay Nam Steel Manufacturing and Trading Co., Ltd	49.05
9	Vietnam	Vietnam	Nam Kim Steel Joint Stock Company	86.06
10	Vietnam	Any	Any other producer	199.53
11	Any country	Vietnam	Any	199.53
12	China PR	China PR	Zhejiang Huada New Materials Co., Ltd	68.08
13	China PR	Any	Any producer	129.59
14	Any country	China PR	Any	129.59

According to the announcement, interested parties have 21 days from July 16, 2019to give feedback on the results. This result is not the final result, the Government of India will gather more information at the Oral Hearing session that takes place on July 30th.

https://mrssteel.com.vn/india-trade-defense-where-is-the-new-way-part-2/