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On February 17, 2025, the Trade Remedies Authority of Vietnam received information that the International Trade Administration Commission of South Africa (ITAC) had officially initiated a safeguard investigation on imported corrosion resistant steel coil. Initiation was chosen in order to safeguard the steel industry against unfair competition.Please read the article below and join MRS Steel to get more information.Anti corrosion steel coil is being investigated by trade safeguardOverview of the incidentItems under investigation: Corrosion resistant steel coilSouth Africa imports commodity codes: 72106120, 72106130, 72259225, and 72259235.Plaintiff: ArcelorMittal South Africa Limited (AMSA)Initiation Date: February 3, 2025Period of investigation: May 1, 2021 - April 30, 2024Corrosion resistant steel coil is the item under investigationDetails of the incidentThe plaintiff claims that unexpected changes during the Uruguay Round discussions (1986 - 1994) were the cause of the sharp rise of imported steel. In particular, tariff changes brought about by the division of steel into two distinct HS codes alloy steel (HS 7220) and non-alloy steel (HS 7208), have resulted in an abrupt rise in import production. Furthermore, the Southern African Customs Union (SACU), which has five members (South Africa, Botswana, Lesotho, Namibia, and Swaziland), are under a lot of strain due to the global overabundance of anti corrosion steel coil, particularly from China.The plaintiffs also cited research and other arguments that demonstrate China has not developed into a fully market economy as promised to WTO members during earlier talks. Additionally, China's economy has been steadily declining since 1994, and major steel companies have increased production and exports, resulting in excess. Due to a decreasing domestic steel market and indicators of slowing economic growth, China has been forced to increase exports in order to address the excess issue. In order to safeguard domestic steel production, this forces nations to strengthen trade defenses. Additionally, throughout the period from May 1, 2022, to April 30, 2024, the petition highlighted indicators indicating the domestic manufacturing sector is experiencing significant harm, including a decline in output, revenue,South Africa imports more steel than ever beforeInvestigation procedureManufacturing and exporting enterprises are obliged to register as related parties. The registration deadline is February 3, 2025, which is 20 days from the date the investigation was started. Following the start of the investigation, relevant manufacturing and exporting businesses have 20 days to provide feedback on the matter and request consultation. All relevant documents should be submitted to the following address:Submit directly: Trade Remedies I, International Trade Administration Commission, Block E - DTI Campus, 77 Meintjies Street, Sunnyside Pretoria, Block Uuzaji, Ground Floor.Postal address: Trade Remedies I, Private Bag X753, Pretoria, 0001, South Africa. Tel: +27 12 394 3600Fax: +27 12 394 0518Alternatively, interested parties may also contact the responsible officers directly: Mr. Busman Makakola at bmakakola@itac.org.za and Ms. Mosa Sebe at msebe@itac.org.za.As the investigation progresses, ITAC will publish preliminary and final findings, conduct on-site inspections, and hold hearings to confirm information in order to support decisions about evasion, harm to domestic industry.As linked parties, businesses must registerNotes for Vietnamese businesses before this incidentFaced with this issue, the Trade Remedies Authority of Vietnam (The Ministry of Industry and Trade - MOIT, Vietnamese) suggests that Vietnam steel mills selling anti corrosion steel coil to South Africa should note:Keep a close eye on the case: To ensure prompt reaction strategies, update information about the investigative process.Complete cooperation with ITAC: To protect rights and prevent being subject to disadvantageous duty rates, provide records and documentation as needed.Find new market opportunities: If South Africa implements safeguards, evaluate the potential for growth into other markets to reduce risks.Increase Competitiveness: In the face of rising trade obstacles, retain export advantages by optimizing production costs and improving product quality. South Africa's application of trade defense measures greatly affects the economic situation of businesses, so businesses need to be proactive and cooperate closely with management agencies and regularly provide and exchange information with The Ministry of Industry and Trade to receive timely support.Vietnam steel mills need to closely monitor the case's progressThe article on MRS Group has provided you with the latest information on the incident of South Africa initiating an anti dumping investigation on corrosion resistant steel coil. Follow MRS, we will continuously update information about the incident. 

The decision to impose tariffs on all steel imports to the US was made by President Donald Trump. The purpose of this action was to reduce reliance on imported steel and safeguard the indigenous steel production sector. But this choice has also sparked worries about a world trade war. These changes have the potential to impact numerous other economic sectors in addition to the steel industry.You can read more about this event in detail in the article that follows. For a better understanding of relevant developments, please follow MRS.Donald Trump makes the decision to duty all steel importsImported steel under duty pressure from the United StatesA deal that would impose tariffs on all nations that import steel into the US was just signed by US President Donald Trump. Therefore, exclusions and duty-free quotas for significant suppliers like Canada, Mexico, Brazil, and other nations are eliminated, and the imposed duty rate is 25%. The action is regarded as a watershed in the improvement of US trade policy and was a campaign pledge made by Donald Trump. Furthermore, President Trump made hints that he would think about enacting more tariffs on computer chips, pharmaceuticals, and cars. To reduce the amount of Chinese steel products that are imported into the US, the US will also impose new rules that require imported steel products to be "melted and poured" in addition to additional duties.Prior to this, in 2018, Donald Trump levied a 25% tariff on steel imports during his first term. Nonetheless, a few nations that trade with the United States, like Canada, Mexico, and Brazil, have been given tariff-free quotas for these goods. Since Biden took office, the UK, Japan, and other EU nations have been included in this quota. The domestic steel sector has suffered in recent years as the US steel mills reduced capacity due to this limitation. According to government statistics from the American Iron and Steel Institute, the top four countries from which the United States imports steel are Canada, Brazil, Mexico, and Vietnam. The tariffs are intended to improve national security, lessen reliance on imports, and safeguard the domestic steel sector. There are worries that nations would react against President Trump tariff policies, plunging the economy into a trade war. According to a February Reuters survey, U.S. consumer confidence dropped to its lowest level in seven months as respondents began to fear higher inflation as a result of tariffs.Imported steel under tax pressure from the United StatesWhat happens if steel products are subject to tariffs from the US?For the production of automobiles, aircraft, and buildings, steel is considered a crucial raw element. There will be numerous significant effects if the US levies a 25% tariff on steel imports:Increase product price: The chance to raise steel pricing will be available to domestic steel producers. This would raise the price of steel products in the US, which would have an impact on steel-dependent businesses, including construction, industrial manufacture, and automobiles. Negative impact on steel-dependent industries: Steel-using companies and industries will have to pay more, which may result in lower output, fewer jobs, or higher final product prices.Encourage domestic production: In order to lessen reliance on imported steel, this policy may incentivize indigenous steel companies to increase their output and make investments.While the purpose of this policy is to protect domestic industries, the decision could also have unintended consequences for the US economy. You learned about the increased duties the US is putting on imported steel products from the story on MRS. To read the most recent news about the steel business, follow MRS.

Vietnam is undergoing a period of robust economic development as it ascends to become one of the world's leading steel-producing nations. This has precipitated a global surge in demand for Vietnamese steel. Consequently,  what documents and import procedures are included to import steel from Vietnam?In this article, MRS Steel would like to share about the procedures of importing steel from Vietnam. We invite readers to follow the main content below.Describing the procedures of importing steel from VietnamDetermine the type of imported steelFirst, it is imperative to ascertain the Harmonized System (HS) code of the imported steel product, the quantity to be procured, and the specific technical attributes of the product. Is that item included on the list of import restrictions or import prohibitions?The first step is to identify the steel products that need to be importedExecute the sales contractAfter determining the item to buy, the importer needs to find a supplier, sign a sales contract, and determine the shipping method and delivery method according to incoterms rules. A payment contract is a contract that shows the transaction between two parties. This is a document that will often be required in all sets of documents throughout the goods clearance process. The contract content should include information including: name, quantity of goods, weight, packaging specifications,...Sales contract between exporter and importerCheck import documentsTo import a shipment, the importer needs to prepare the necessary documents and vouchers to carry out import procedures. These documents are required by customs authorities to check and confirm the import rights of goods. Below is a list of main documents required in the import dossier set.Customs declaration: This is a document that registers detailed information about imported goods, including information about origin, value, and other requirements.Sale contract: This contract is signed between the buyer and the seller to determine the terms of the steel purchase transaction.Packing list: This is a detailed list of packing units, quantity and weight of imported goods.Commercial invoice: This invoice provides information about the value of imported goods and other information related to payment.Bill of Lading (B/L): This is an important shipping document, confirming the transportation of goods from origin to destination and proving ownership of the goods.Certificate of Origin (C/O): For some types of steel, a certificate of origin may be required to identify the origin of the goods to enjoy preferential tariffs.Other related documents: Depending on the importing country, other related documents will be required.Above is information about the necessary documents to import steel products from Vietnam. However, if you import steel through MRS Steel, our staff will assist you with the documents.The commercial invoice is a particularly important document when carrying out import proceduresReceive Arrival NoticeFrom 1 to 2 days before the ship arrives, the shipping company will send a notification of arrival via email to the importer. After receiving notification of goods arrival, the importer will proceed with customs declaration.Sample of arrival noticeCustoms declarationAfter fully preparing the documents and procedures, the importer needs to proceed with customs declaration to receive customs clearance. Presently, owing to the advent of digital applications, in certain countries, the customs declaration process can be conveniently registered online. Businesses are required to comprehensively complete all information on the declaration form.In many countries, importers can declare onlineGet Delivery OrderDelivery order is a document issued by a shipping company or specialized shipping unit. A delivery order is used to request a unit to store goods at a port or warehouse for the owner of the goods. Delivery orders can be made by the forwarder or the goods owner.Sample of delivery orderPay duties & complete customs proceduresFor imported steel products, importers need to pay taxes to complete customs procedures. At this time, the importer needs a C/O previously provided by the exporter to get preferential tariffs if the two importing and exporting countries have the same trade agreements. In addition, depending on some specific types of goods, businesses also have to pay additional duties, such as environmental duty and special consumption duty.Importers need C/O to get preferential tariffsReceive GoodsThis is the last step the importer needs to do after completing customs procedures and clearance. At this time, the importer needs to receive the goods and load them onto the vehicle to take them to the warehouse.Receive goods is the final step of the steel import proceduresMRS Steel - Specializes in supporting steel imports from VietnamMRS Steel is a company providing steel import services from Vietnam to steel importers around the world. With many years of experience in the steel field, we will help our partners import steel products from Vietnam quickly and professionally to save costs and quality. We believe that the services of MRS Steel will meet the needs of customers because:Fast delivery time.Our professional staff will provide dedicated advice on products, documents, and procedures.Save time and money.MRS Steel has provided you with information about the procedures for importing steel from Vietnam. However, if you import steel from Vietnam through MRS Steel, the above processes will be optimized, helping you save time and money. Therefore, if you need to import steel from Vietnam, please contact us for advice and support.

One of the commonly used applications of galvanized steel coils is in the HVAC and air ducting. However, many people still do not clearly understand the applications and advantages of galvanized steel coils for HVAC and air ducting.In the article below, MRS Steel will help you learn more about the application of galvanized steel coils in HVAC and air ducting.Galvanized steel coils are often used in HVAC systems and air ductingApplication of galvanized steel coils in the HVAC and air ductingIn addition to common applications commonly found in everyday life, galvanized steel coils are often used in HVAC and air ducting. However, what galvanized steel coil is used for in HVAC and air ducting is still unclear to many people. Below, MRS Steel will tell you about the applications of galvanized steel coils in HVAC and air ducting.One of the applications of galvanized steel coils in HVAC and air ducting is as ventilation duct systems. Ventilation systems play a very important role in buildings, helping to ensure the circulation and exchange of fresh air from outside to inside, thereby helping to maintain air quality and comfort for users. Currently, galvanized steel coil is the most widely used material in ventilation duct construction because it has high corrosion resistance and aesthetic properties. Ventilation duct systems are often found in large factories, commercial centers, and parking garages. In addition, galvanized steel coil can also be used as an insulation support material in ventilation duct systems, as it can withstand the weight of the insulation and help maintain the original shape of the duct wind.The ventilation system is installed outdoorsAdvantages of galvanized steel coils for HVAC and air ductingAesthetics: One of the unforgettable advantages of galvanized steel coils is high aesthetics. The application of galvanized steel coils in HVAC and air ducting helps the product have a shiny, smooth surface and is easy to clean.High durability: One of the first advantages when mentioning galvanized steel coil products is high durability. The use of galvanized steel coils in HVAC and air ducting helps increase bearing capacity, resist mechanical impacts, and protect the inner steel layer for a long time against environmental impacts.Corrosion resistance: One of the outstanding advantages of galvanized steel coils is their high corrosion resistance. Using galvanized steel coils for HVAC and air ducting industry projects helps to highly limit corrosion resistance and maximize product life.Ventilation system is made of galvanized steel with a smooth surfaceMRS Steel - Vietnam's leading galvanized steel coil supplierMRS Steel is one of the leading galvanized steel coil suppliers in Vietnam. With more than 12 years of experience in the steel industry, along with a team of experienced personnel ready to advise and serve 24/7, we are committed to bringing you quality products at competitive prices. At MRS Steel, we are dedicated to providing customer service and support, which has helped MRS Steel become a companion to many partners.We cooperate with leading steel manufacturers in Vietnam, such as Hoa Phat, Ton Dong A, Hoa Sen, TVP,... Currently, products exported by MRS Steel have appeared in many countries and regions. Territories such as Mexico, America, Australia, Indonesia, Malaysia,... If you need to import galvanized steel coils in particular and other types of steel in general, please contact us via Whatsapp (+84) 76 911 2358.MRS Steel has provided you with information about the applications of galvanized steel coils for HVAC and air ducting. Follow MRS Steel to update more useful information.

The Indian government will need to carefully consider the interests of all stakeholders before making a final decision on imposing anti-dumping duties on HRC steel imports from Vietnam.The recent anti-dumping investigation into Vietnamese HRC imports has been met with strong opposition from the Indian steel user community. They fear that the imposition of such duties could lead to higher steel prices, negatively impacting industries that depend on steel, such as automotive parts, agricultural tools,...Balancing trade protection and steel user interests in India's HRC probeAccording to Upkar Singh Ahuja, President of the Chamber of Industrial and Commercial Undertakings (CICU) in Punjab, "We do not want anti-dumping duties applied." He argues that imposing these duties would create a financial burden on SMEs, raising input costs and reducing their competitiveness. Some industrialists oppose the anti-dumping duties on Vietnamese HRC, concerned that large steel corporations in India might gain monopolistic control over the market by raising prices unreasonably.Akash Bassi, Vice President of CICU, also emphasized that anti-dumping measures could hinder free trade, create trade conflicts and disrupt supply chains. Other industry representatives, such as Honey Sethi and Rajnish Ahuja, also noted that the steel industry is currently profitable, the additional duties are unnecessary and could threaten the sustainability of SMEs.India's anti-dumping investigation into HRC imports from Vietnam is generating mixed opinions within the industry. While some large producers support the duties to protect their interests, many SMEs are concerned that this will increase production costs, reduce competitiveness and harm the local economy. The Indian government will need to carefully weigh the interests of all parties involved before making a final decision on imposing these anti-dumping duties.

On August 14, 2024, the Directorate General of Trade Remedies (DGTR) in India officially initiated an anti-dumping investigation into imported Vietnamese HRC steel.According to MRS Steel, this investigation was launched at the request of the Indian Steel Association, which represents two major steel producers: JSW Steel Limited and ArcelorMittal Nippon Steel India Limited.India launches anti-dumping investigation into Vietnamese HRC steel importsWhich Vietnamese HRC products are under investigation?The investigation targets HRC products, both alloyed and non-alloyed, not clad, not plated or coated, with a thickness of up to 25mm and a width of up to 2100mm. These products fall under HS codes 7208, 7211, 7225 and 7226. The investigation will focus on the period from January 1, 2023, to March 31, 2024, with damage assessments covering the years from 2020 to 2023.Vietnamese steel alleged to be dumpedIndian steel producers allege that Vietnamese HRC is being imported into India at "dumping prices," causing significant harm to the domestic steel industry. They argue that there are no substantial differences in the physical and chemical properties, production process, technology, functionality or usage between their products and the imported steel from Vietnam.To counter the threat of cheap imports, they have proposed the implementation of anti-dumping duties on HRC imports from Vietnam to safeguard their domestic industry.Indian steelmakers push for anti-dumping duties on Vietnamese HRC importsImpact on the global steel marketThis investigation by India could have wide-reaching implications for the global steel market, particularly for Vietnam, which is among the top 5 steel exporters to India. According to BigMint research, during the fiscal year 2023-2024, India imported 3.55 million tons of HRC and plate steel, of which 620,000 tons (nearly 20%) were from Vietnam. This figure represents a threefold increase compared to the 22,000 tons imported in the fiscal year 2022-2023.Vietnam's steel exports to India triple, facing Indian market scrutinyResponse from VietnamTo respond to this investigation, the Vietnam Trade Remedies Authority has urged domestic businesses to actively cooperate with DGTR by providing comprehensive and accurate information. Additionally, businesses are advised to proactively request relevant information from DGTR to protect their interests in the investigation.As India initiates an anti-dumping investigation into Vietnamese HRC steel, the outcome could have a profound impact on trade relations and reshape the global steel market dynamics. Vietnamese steel producers must stay vigilant, actively participate in the investigation process, and defend their interests. Stay updated on the developments of this case to understand its full implication.

What is C/O (certificate of origin)? What role does this paper play in import and export activities? These are questions that many people ask when they first learn about this type of documentAll contents about the certificate of origin (C/O) will be answered by MRS Steel in the article below. We invite you to read along.What is C/O? Let's find out in the article belowWhat is a certificate of origin?To help you better understand what is a certificate of origin? Please read the section below.Definition of a certificate of originWhat is C/O? This is a question many people ask when conducting import/export activities for the first time. A certificate of origin is a document that shows which country the goods were produced in. The C/O contains information related to the product and the country exporting the goods. Normally, a C/O will be issued by the competent authority of the exporting country for the exported goods of that country. C/O must also comply with all regulations of the exporting and importing countries regarding rules of origin.The main purpose of the certificate of origin is to prove that the goods have a clear origin and are legal in terms of the tariff regulations of both exporting and importing countries. A C/O is also an important document to determine whether the goods are eligible for import or whether they are taxable or not.What's included in a certificate of origin?If you already know what a certificate of origin is, let's next find out what the certificate of origin includes.Certificates of origin help provide us with the origin of goods produced in a certain territory or country. Normally, on the certificate of origin, there will be all the following information:The contact information of the parties includes the name and address of the manufacturer, exporter, or importer.Information about the type of goods: product name, quantity, size, weight,...Information about the means of transporting the goods, place of loading and unloading of goods, bill of lading,...Commercial invoiceInformation required on the certificate of originClassification of types of certificates of originCurrently, certificates of origin are divided into two main types: non-preferential certificates of origin and preferential certificates of origin.Non-preferential rules of originA non-preferential rule of origin is a regular certificate of origin; a non-preferential rule of origin indicates that the exported goods are not eligible for preferential duty rates under trade agreements between countries. In other words, non-preferential rules of origin do not have the function of reducing duty rates or import duties on goods; they only have the role of certifying the origin of this type of goods.C/O form B is a non-preferential C/OPreferential rules of originPreferential rules of origin are certificates of origin issued for goods from countries with free trade agreements, through which orders will be reduced or exempted from taxes to countries with policies of this exclusive offer. For example: Generalized Preferential Tariffs (GSP), Commonwealth Certificate of Preferences (CPC), Common Effective Tariff Preferentials (CEPT), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP),...C/O form D issued by the Ministry of Industry and Trade (Vietnam) enjoys preferential tariffsImportance of Certificates of OriginDo you clearly understand what is C/O? Next, join MRS Steel to learn about the importance of a certificate of origin.Enjoy duty incentives: A certificate of origin is an extremely important document that helps determine the origin of goods and determine whether these goods receive duty incentives or not. A valid certificate of origin will help businesses significantly reduce the amount of import duty they have to pay for their products.Avoiding trade defense measures: In cases where one country's goods are dumped in another country's market, a certificate of origin helps determine the origin, making anti-dumping and anti-dumping actions necessary. The application of anti-subsidy duties becomes more available.Determining import standards: For some products, the certificate of origin will determine whether that country's goods are eligible to be imported into another country or not.C/O is an important document that helps reduce dutiesMRS Steel - The steel supplier has a certificate of originMRS Steel is one of the leading reputable steel exporters in Vietnam. We are an important partner of many big brands such as Hoa Phat, Hoa Sen, Ton Dong A,... All steel products provided by MRS Steel have a certificate of origin accompanying them. An extremely reasonable price compared to the market.Currently, MRS Steel specializes in providing steel products to countries such as Mexico, Australia, Malaysia, Indonesia,... If you need to import Vietnamese steel products, please contact us via WhatsApp at +84 76 911 2358 or via email at vanloc@mrssteel.com.vnMRS Steel has helped you better understand what is C/O? Hopefully, the above article has helped you get a better overview of the certificate of origin as well as its importance for import and export activities. Follow MRS Steel for more useful information about the steel industry.

Vietnam's steel industry is increasingly developing, leading to the appearance of new steel factories. One of the steel factories that has made positive contributions to the development of Vietnam's steel industry is Ngoc Minh Steel.Although just established, Ngoc Minh Steel's contributions to Vietnam's steel industry are extremely necessary. The article below about MRS Steel will help you learn more about this steel manufacturer.Hot-dipped galvanized steel wire and black galvanized steel wireOverview of Ngoc Minh SteelNgoc Minh Steel is one of the units specializing in providing large steel wire products in the Vietnamese market. After 15 years of construction and development, Ngoc Minh Steel brand has now reached high-rise construction projects, hospitals, schools,... all over the country. With relentless efforts to meet domestic and export needs, Ngoc Minh's products are now available in Cambodia, Laos, Thailand, Taiwan,...Ngoc Minh Steel's products are manufactured using modern technologies and production lines with top-quality input materials. Currently, Ngoc Minh Steel's products are manufactured based on quality standards, including TCVN 2053 - 93, BS 443 - 1982, ASTM A 641, EN 10244 - 2:2001 and JIS G 3547.With the motto "Prestige creates sustainable value"  Ngoc Minh Steel is committed to providing customers with the best products, the most attentive care policy and the most competitive prices.Official logo of Ngoc Minh SteelThe main productsWith the orientation of becoming one of the leading steel wire manufacturers in Vietnam. Therefore, Ngoc Minh Steel's main production product is steel wire. Among them, the two main products are hot-dipped galvanized steel wire and black steel wire.Hot dipped galvanized steel wireHot-dip galvanized steel wire is one of the key production products of Ngoc Minh Steel. Hot-dip galvanized steel wire is a product made from low-carbon steel wire that goes through the process of wire drawing, rust removal, galvanization and the finished product.Hot-dip galvanized steel wire is more resistant to corrosion and rust than other types of zinc wire. The surface of the galvanized steel wire is smooth, shiny, and clean. The steel wire is also sturdy and durable, and it has a lifespan of up to 30 years if used in normal environments.Hot-dip galvanized steel wire is often widely used in the construction industry, during the construction of agricultural, forestry, and fishery projects, and used as handicrafts. It is an essential construction material in connecting structures in infrastructure, reinforcing houses, apartments, swimming pools,...Nominal diameter(mm)TensileStrength(Mpa) Zinc thickness(g/m2)Zinc thicknessg/m2)Tolerance(mm)Zinc mass(g/m2) Tolerance(mm)Zinc mass(g/m2) 1.6 - 2.0  450 - 550  ± 0.0540 - 70  ± 0.05150 - 3662.0 - 2.445 - 70150 - 3662.5 - 3.045 - 80150 - 3503.0 - 4.045 - 90150 - 350We can produce high quality products as customer’s requirementHot dipped galvanized steel wire gauge tableBlack steel wireAlong with hot-dip galvanized steel wire, black steel wire is one of the two main types of products that Ngoc Minh Steel produces. Black steel wire is a fibrous product with a circular cross section. The product has a diameter ranging from 1 mm to 5 mm  after being drawn from carbon steel wire with a larger diameter. Therefore, black steel wire is also known as construction steel coils (Φ6, Φ8, Φ10). Black steel wire is produced using a specialized spinning machine, undergoing a continuous drawing process to produce good-quality products that meet all project requirements.Black wire steel has soft, flexible, and malleable properties, so it is often widely used in today's world. Currently, black steel wire is used to tie shapes in construction projects. In addition, they are also used to produce various types of steel mesh, such as welded wire mesh, B40 steel mesh,...Steel wire diameter after drawing From 1.0 mm to 5.0 mmTensile strength 300N/m2 - 450N/m2Elongations 8 - 15%Common technical data table for black steel wireMRS Steel - Vietnam's No. 1 steel wire export partnerAs we know, the role of steel wire is very important in all construction projects, from great architectural works to simple houses.Currently, MRS Steel is Ngoc Minh Steel's steel export partner. We meet all customers' needs for quantity and product size at the most competitive prices. As a supplier with a long-term operation and development process based on reputation, you can rest assured about the quality of our company's products.We have provided you with information about Ngoc Minh Steel. If you need to import steel wire products from Ngoc Minh Steel, please contact us here.

Which country exports the most steel? In 2023, world crude steel output will reach nearly 1.84 billion tons. China is the world's largest steel producer, providing more than 50% of global steel production.In the article below, we invite you to join MRS Steel to find out what country exports the most steel.What country exports the most steel? Find out more about MRS Steel in the article belowOverview of the global steel industry situationAccording to data from the World Steel Association (Worldsteel), crude steel output in 71 countries reached 148.1 million tons in January 2024, down 1.6% over the same period last year. In particular, crude steel production in some regions has grown and recovered, such as Iran (39.3%), Turkey (24.7%), India (7.3%),...Meanwhile, China's crude steel production is still decreasing over the same period in 2023. Specifically, China's crude steel output reached 77.2 million tons, down 7% over the same period in 2022. Manufacturers and other exporters also recorded a decrease in crude steel output, such as Brazil, the US, Germany,...Previously, in 2023, the crude steel output of 71 countries reached about 1.84 billion tons. China still maintains its position as the world's largest steel producer, followed by India and Japan.5 countries with the largest crude steel production in the worldMajor steel exporting countries in the world. What country exports the most steel?Below, MRS Steel will provide you with the top 5 countries biggest exporters of steel. And also find out what country exports the most steel.China - The world's biggest steel exportersAs the country with the largest steel industry globally, China accounts for over 50% of the world's steel output. In 2023, China's steel exports reached 90,264 up 36.2% over the same period last year, marking a near-record high. Export growth amid weak domestic demand reflects China's struggling real estate sector. China's 2023 steel exports to Southeast Asia and Central Europe see a significant increase. Among them, Vietnam and Turkey are two export markets with high levels of growth.Currently, China is also the world's biggest steel exporter. Every year, China provides more than 50% of global crude steel output. Therefore, this is also the reason why this country has become the biggest exporters of steel in the world.JapanRanked 2nd in the list of the biggest exporters of steel, in 2023 Japan produced 87,0 million tons, of which exports reached 32,7 million tons, up 1.2% over the same period last year. This is also one of the largest steel-exporting countries in the world. Japan's main export market is Korea with 5,6 million tons, up 3.8%; exports to China reached 2,85 million tons, down 28.9%; exports to Taiwan reached 1,6 million tons, down 12.4%; exports to Thailand reached 4,7 million tons, down 7.2%; and exports to the US decreased 3.1% to only 1,2 million tons.Although only producing 87,0 million tons, Japan exported more than 32 million tons, which shows that export output accounts for nearly 30% of the total steel output of the entire industry. With Japan's biggest steel exporters, Nippon Steel, having just agreed to acquire US Steel, it is predicted that by 2024, Japan's crude steel output will grow dramatically.Export volume and value of iron and steel products from Japan from 2014 to 2023KoreaAs one of the biggest exporters of steel, Korea will produce 66,7 million tons in 2023. However, according to SteelMint data, in the first half of 2023, Korea exported about 12,3 million tons of steel, up 3% over the same period last year. Currently, steel exports from Korea still have a high fluctuation range because this country is experiencing a decrease in domestic demand as well as crude steel output. Currently, Korean steel exports are still focused mainly on Asian markets and other developed countries.GermanyAs Europe's biggest steel exporters, in 2022 Germany exported about 29 million tons of steel, earning 36,9 billion USD. In particular, the largest export market is France with 10.1%, followed by Poland with 9.95%, Italy with 9.88%, the Netherlands with 4.48%, and Belgium with 7.48%. The remaining 10% belongs to other countries. In general, Germany's steel export market does not have many changes as it mainly exports to the European market, with the largest export items being galvanized steel and alloy steel products.ItalyItaly is one of the top 5 countries that export steel and ranked 2nd in Europe after Germany, by 2023, Italy's crude steel output will reach 21.1 million tons. According to the United Nations COMTRADE database on international trade, Italy's iron and steel exports in 2023 will reach 17.12 billion USD. Specifically, in the first six months of the year, Italy exported 7.5 million tons of steel, up 7% over the same period last year. Italy's main export markets are Germany, France, the United States, Spain, and Poland.Vietnam's steel exports grew outstandingAccording to statistics, in 2023 Vietnam domestic crude steel production reached nearly 19,2 million tons, ranking 13th in the world. In terms of export output alone, Vietnam's steel industry ranks 14th among the biggest exporters of steel. In 2023, according to the General Department of Customs, in the first 10 months of the year, Vietnam exported more than 9,1 million tons, an increase of 30.7% over the previous year, with the main export markets in the ASEAN region and the EU, the United States and India,... Among them, the EU market has emerged as a potential bright spot, accounting for about 26% of the steel export market share in this market each year. Of which, Italy is the country that imports the most steel from Vietnam with over 1,35 million tons, growing by 128%, Belgium imports 0,49 million tons, growing by 30%, Spain imports 0,35 million tons, growing by 30%. 70.2%.Vietnam's steel production prospects will increase by about 10% in 2024 and 8% in 2025 when demand for steel in domestic economic sectors recovers. It is expected that in 2024, steel consumption will increase by about 6.4% and export output will increase to nearly 13 million tons. With continuous development and increasing production output, Vietnam is on the journey to becoming one of the biggest exporters of steel.Top 5 largest steel export markets in Vietnam 2023MRS Steel - Quality steel supply solutions in VietnamAs one of the countries with a developed steel industry, Vietnam's steel export output has been increasing in recent years. MRS Steel is one of the steel exporters that receives the trust of customers from many countries around the world. We are proud to bring you steel products with outstanding quality and reasonable prices.Currently, we are supplying steel products to all markets around the world, including Southeast Asia, Mexico, Australia, America, Spain,... If you are interested in importing steel from Vietnam, please contact us or fill out our form.In the above article, MRS Steel has given you information about the steel-exporting countries in the world and what country exports the most steel. Hopefully, the above article has been helpful to you. To read more articles about steel, remember to follow MRS Steel to get the latest information.

The purpose of the steel mills assessment is to select the right supplier for the enterprise's requirements. That's important, but many businesses are still wondering what the objective and accurate evaluation criteria are. The following article summarizes the criteria for evaluating steel mills so that you can choose reliable partners.Reputation of steel millsWhen evaluating a steel mills, the reputation of the factory is the first factor and also a decisive factor in deciding whether to cooperate or not. To consider whether the factory is reputable enough, we need to note a few aspects:Clear information: Does the factory really exist? Address, contact method, business license or not?Transparency in cooperation: Does the factory ensure the supply of raw materials and maintain long-term cooperative relationships with partners?Review of legal issues: View legal procedures related to past and current factory contracts; Is the factory's legal compliance guaranteed?Product qualityThis is the most important criterion when any business wants to make a decision about choosing a steel mills. When sourcing products, businesses will proceed to provide criteria for quotes, product quality, materials, durability, aesthetics,... From there, make a detailed assessment and draw the conclusion that the product of this factory is suitable for the needs of the business you are looking for. You should build a form, a tracking sheet in the form of a scale, to comment on all aspects of the quality of goods supplied by the factory.In addition, it is also necessary to consider the damage rate of the goods. Specifying a specific risk level or criterion after the time of importing goods and conducting inventory, based on that ratio to track the quantity, find out if the cause of damaged goods is due to the transportation process or supplier error.Production capacity of steel millsProduction capacity is one of the important criteria for evaluating steel mills. The assessment of the production capacity of the factory will clarify the efficiency of the factory's production activities and its ability to meet the needs of the market. A factory with a large production capacity is equivalent to an abundant labor force and modern machinery and equipment. Besides, production capacity also helps to assess the potential of the mill development. The larger the steel mills production capacity, the larger the mill.Product delivery performanceIn the criteria for evaluating steel mills, it is indispensable to evaluate the factory's product performance. Ensuring the performance of the factory's product supply determines the business plan of the enterprise. Therefore, suppliers need to ensure credibility in the time and quantity of products provided. Below are the factors used to evaluate the product supply performance of steel mills:Order fulfillment time: The time from the beginning of order fulfillment to when the supplier delivers the goods to your business.Reliability of delivery: Ensure the agreed delivery time, sure delivery, the right type of goods, the right quality, and the quantity of goods according to the contract.Information: Information is exchanged throughout the steel mills and your business.Flexibility: The steel mill's ability to adapt its product supply to changing conditions.Production technology of steel millsCurrently, steel mills around the world use three main production technologies, including the basic oxygen furnace (BOF), the electric arc furnace (EAF), and the induction furnace (IF). In which BOF technology accounts for the majority, EAF and IF technologies account for a little and very little. This is also an important criterion that businesses need to pay attention to make objective and accurate assessments of steel mills.The fact that factories use modern production technologies not only brings high-quality products but also contributes to saving energy. Technological improvements and upgrades promise to be outstanding advances in product quality and output.Product price and payment methodProduct prices and payment methods are indispensable criteria in the steel mills evaluation criteria table. This criterion affects the buyer's ability to buy and profit. If there are two suppliers with the same quality and performance of products and services, the one with the cheaper price will bring more profits to the business. Evaluation factors may include:Competition: The price paid should be comparable to that of other competitors. Enterprises should have quotes from many steel mills for comparison and better evaluation.Accuracy and stability: The price on the order and on the invoice should only have a small difference. If there is a change in the price, the supplier should notify customers in advance. Prices also need to be stable over time.Payment transparency: The average time it takes to receive a credit note should be reasonable. The estimated cost should not change significantly from the final invoice. Supplier invoices should be timely and easy to read and understand.Customer serviceCustomer services help businesses in cases of problems such as product errors, missing orders, low-quality products,... Therefore, this is a criterion that cannot be ignored when proceeding with the steel mills assessment.When conducting supplier evaluation, it is necessary to collect opinions on the quality of support, the attitude of the supplier and response time to support requests, the qualifications of the support staff,... Customer service will be evaluated through three timelines: before the transaction, during the transaction, and after the transaction.Thus, the above article has summarized seven criteria for evaluating steel mills. However, to conduct the assessment according to the above seven criteria, enterprises need to have accurate, transparent, and complete information about the factory. I hope this information is useful for you in choosing a reputable and quality steel mills.