Entering the fourth quarter of 2024, Vietnam's steel industry is witnessing positive developments as international markets show improvements due to efforts to resolve challenges in the real estate sector and accelerate public investment disbursement.
According to the Vietnam Steel Association (VSA), our nation exported 8,54 million tons of iron and steel of all types with nearly 7,1 billion USD from the beginning of the year to the end of August, rise 43.4% in quantity and 127 percent in value over the same time last year.
The rising costs of imported raw materials are pushing up prices and threatening to cause inflation amid the ongoing economic recovery.
Regarding the proposal to increase billet export tax, the Vietnam Steel Association [VSA] disagreed, because this policy not only causes more difficulties for enterprises, but also is not suitable with the current situation of the current domestic steel production industry...
The Ministry of Finance's proposal to change import and export taxes on construction steel makes the market wonder what will impact on the listed steel companies?
The intention of restricting the export of billets and opening the market for many construction steel products to foreign countries through taxes by the Ministry of Finance has stunned domestic steel producers.
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