Since the US introduced the tax policy for steel products under Section 232 up to now, the wave of trade defense has become a measure to protect domestic production in many markets around the world and create a Great difficulty for exporting countries like Vietnam.

According to the Vietnam Steel Association, from the beginning of 2019 until now, the export steel output has decreased by about 50% and the average price has dropped to about 650USD/ton.....

👉 Read More:

https://mrssteel.com.vn/vietnam-steel-situation-in-the-wave-of-global-trade-defense/

Agreso | +84 269 2205 168 |   Thôn 1, xã Nghĩa Hưng, huyện Chư Păh, Gia Lai, Việt Nam

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MoiT Has Issued a Decision to Exempt Anti-Dumping and Safeguard Duty for Some Factories

On May 31, 2017, the Ministry of Industry and Trade issued a decision to apply safeguard duties on imported pre-painted steel products from effect until June 15, 2020.

On June 18, 2019, the Ministry of Industry and Trade continued to issue a decision on the imposition of provisional anti-dumping duty on pre-painted steel imported from China and Korea.

However, recently the Chamber of Commerce and Industry under the Ministry of Industry and Trade has received applications for exemption from the application of anti-dumping and safeguard measures for imported colored steel. On September 11, 2019, the Ministry of Industry and Trade issued a Decision on exemption from the application of anti-dumping and safeguard measures with a total volume of 16,294.9 tons for the following enterprises:

https://mrssteel.com.vn/moit-has-issued-a-decision-to-exempt-anti-dumping-and-safeguard-duty-for-some-factories/

Agreso | +84 269 2205 168 |   Thôn 1, xã Nghĩa Hưng, huyện Chư Păh, Gia Lai, Việt Nam

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Vietnam Steel Mill Is One of The Most Considerable Suppliers for Brazil Buyers

Brazil buyers have many choices of steel suppliers all over the world because Brazil is one of the most potential steel market up until now.

In particular, Brazilian civil construction activity grew in August, rose to 49.2 points, compared to 47.8 points in August 2018, which is the benefit to both domestic distributors and global suppliers.

However, Brazilian flat steelmakers have recently announced to domestic distributors an 10%  increase in their prices for early October. “By October 7, all flat steel producers should start applying new prices”, according to India president Carlos Loureiro on Tuesday September 24. There are two main reasons of this case. First is the reduced competition from imported material. Second is the removing discounts that have been granted to domestic buyers.

https://mrssteel.com.vn/vietnam-steel-mill-is-one-of-the-most-considerable-suppliers-for-brazil-buyers/

Agreso | +84 269 2205 168 |   Thôn 1, xã Nghĩa Hưng, huyện Chư Păh, Gia Lai, Việt Nam

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World Steel News September 2019

#WorldSteelNews #September2019 #MRSVietnam

World Steel News September 2019

There is no historical movement in world steel news September 2019, so let’s review output of some steel industries as well as HRC price levels offered to the marker in this September 2019.

U.S. Raw Steel Output Slipped 3%

According to American Iron and Steel Institute (AISI), The U.S. weekly raw steel output reported marginal decline during the week ended on September 21, 2019....

👉 Read More:

https://mrssteel.com.vn/world-steel-news-september-2019/

Agreso | +84 269 2205 168 |   Thôn 1, xã Nghĩa Hưng, huyện Chư Păh, Gia Lai, Việt Nam

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Mexico Has Announced to Change Their New Policy in Import Tariff

On September 20, 2019, Minister of Finance and Public Credit – Andrés Manuel López Obrador and Minister of Economy – Arturo Herrera Gutiérrez signed a decision to amend the Import Tariff of steel items in effect since September 23, 2019.

Under the old policy, the import tax of steel items to the Mexican market was 0%. This is seen as an open-door policy without over-selecting the import source of this market. Because of the 0% import tariff, Mexico has become a lucrative market for steelmakers around the world and affecting domestic production, as well as sources of imports from allied countries of Mexico.

Realizing this, from the beginning of 2019, since the new government came to power, Mexico has been preparing to change the import tax policy to rearrange the source of imported goods into this market.

https://mrssteel.com.vn/mexico-has-announced-to-change-their-new-policy-in-import-tariff/

Agreso | +84 269 2205 168 |   Thôn 1, xã Nghĩa Hưng, huyện Chư Păh, Gia Lai, Việt Nam

admin@greensowing.com

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Vietnam Will Not Increase Import Tax on HRC ( Hot Rolled Coil )

Recently, the Ministry of Finance has completed the draft decree amending and supplementing Decree 125/2017. An interesting issue is that the Ministry of Finance has decided not to raise the common preferential import tax (MFN) on hot rolled steel (HRC) at the moment.

Previously, the Ministry of Finance proposed raising the import tax (MFN) of HRC from 0% to 5% to limit the sudden increase in the amount of HRC imported from China to Vietnam.....

👉 Read More:

https://mrssteel.com.vn/vietnam-will-not-increase-import-tax-on-hrc-hot-rolled-coil/

Potential Malaysia market is always the destination that steel mills want to access. However, technical barrier is the first difficult door that businesses have to go through. In previous posts, I explained more clearly about SIRIM Registration, why factory need SIRIM License and the difficulties encountered when registering for SIRIM... 👉 Read More:

Potential Malaysia market is always the destination that steel mills want to access. However, technical barrier is the first difficult door that businesses have to go through.

In previous posts, I explained more clearly about SIRIM Registration, why factory need SIRIM License and the difficulties encountered when registering for SIRIM...

👉 Read More:

https://mrssteel.com.vn/why-should-not-factory-register-product-certificate-license-sirim-themself/

Agreso | +84 269 2205 168 |   Thôn 1, xã Nghĩa Hưng, huyện Chư Păh, Gia Lai, Việt Nam

admin@greensowing.com

https://greensowing.vn

https://greensowing.com