Steel imports threaten to cause domestic Vietnam (19/01/2016)The workers were unloading the shipment of imports at the port of Hai Phong in the range 13.7 million tons last year, an increase of 23% compared with the same period last year.Vice Chairman of the Vietnam steel Association (VSA)-Mr. Nair said Vietnam steel industry Bender is facing pressure from imports, mainly of steel and galvanized steel.VSA said in the year 2015, the output of steel imports into our country at 13.7 million tons, an increase of 23% compared with the same period last year and more than 1.8 million tons of billets, 198% increase compared to the same period last year. Meanwhile, more than 1.6 million tons of rolled steel and steel wire imported in the previous year while our country only produced 1.1 million tons of rolled steel.As he Skimmed, imports from China accounted for more than 8.4 million tons, worth more than 3.7 billion dolla, accounting for 60% of steel imported into Vietnam, an increase of 57% compared to the same period last year and an increase of 13.6% in value. Japan, South Korea and Taiwan is 3 large exporters in Vietnam, accounting for 35% of the total production of steel imports.Meanwhile, Vietnam exported roughly 2.8 million tons of steel variety to the main market in ASEAN, up 3%. However, Vietnam steel industry still predicts the output of steel imports into our country will increase 15% based on the free trade agreement between the two countries.Mr. Nguyen Van Nam, Deputy Director of management of competitive industry Vietnam said if no reasonable protection measures, many special import steel from China will cause difficulties for the domestic steel industry.
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