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The Vietnam Chamber of Commerce and Industry (VCCI) has submitted a document to the Ministry of Finance, expressing concerns about the impact of the proposed increase in steel export duty on Vietnam's iron and steel sector, particularly the steel billet manufacturing industry.Changes in Vietnam's steel export duty The Vietnam Chamber of Commerce and Industry (VCCI) has sent an official document to the Ministry of Finance to comment on the draft Decree amending and supplementing the Government's preferential import and export tariff. Accordingly, VCCI believes that the proposed increase in steel export duty will harm the steel billet manufacturing industry in particular and Vietnam's iron and steel sector in general.Regarding Vietnam's steel import and export duty, the Ministry of Finance has proposed to change the export tax rate for billet products (groups 72.06 and 72.07) from 0% to 5%. The goal of this adjustment is to contribute to stabilizing the supply for the domestic steel market, stabilizing the market prices, and ensuring the stable development of the steel industry shortly.Accordingly, the export duty is proposed to change based on applying a high level to raw materials and resources to limit the export of unprocessed natural resources. Therefore, the export duty rates for steel groups such as iron ores and steel scrap are regulated respectively at 40% and 15-17%. Particularly for semi-finished products such as billets, Vietnam is applying the export duty rate of 0%.According to the Ministry of Finance, Vietnam's steel industry has had many positive signals with appropriate import and export duty policies. Currently, domestic enterprises are maintaining a stable growth rate, gradually becoming self-sufficient in steel production lines, technology, and capacity, meeting the needs of domestic use and export of steel products in large amounts abroad.According to the Vietnam Steel Association (VSA) 2022, Vietnam's billet production capacity has exported about 8,937 million tons of steel, reaching an export value of 7.99 billion USD. Vietnam's steel export market is mainly distributed in ASEAN (36.22%), EU (18.37%), US (10.57%), South Korea (6.8%), and Hong Kong (4.1%).Steel import duty policy in ChinaAccording to the Ministry of Finance and the tax authority officially announced from 1/5/2021, China stopped the export duty refund policy from 13% to 0% for some steel groups. This decision strongly impacted 64% of China's steel exports, equivalent to 34 million tons, including alloy steel and carbon steel.China's export duty refund policy with group 7210: Non-alloyed coated steel and 7217: Carbon steel wire will cause steel prices in the world to rise. Steel importers worldwide are also facing many difficulties from China's new duty law. They are forced to look for steel-exporting countries with preferential foreign customer policies.Solutions to import steel in the Context of market fluctuationsAccording to the World Steel Association (Worldsteel) and other forecasts, the effects of inflation, high-interest rates, and the adjustment of duty policies of many countries will affect the global steel industry. Learning and connecting more with steel exporting countries in the world helps importers have more opportunities to access better supplies.By taking advantage of domestic raw materials, Vietnamese steel mills help limit pressure due to latency. In addition, the recent benefits of the Government's export duty policy have also contributed to making Vietnam a potential cooperation market for many foreign partners. However, under trade barriers and obstacles in culture, language, and geography, importers still need help finding reputable and quality suppliers.Currently, MRS Steel is one of the units specializing in providing solutions for sourcing and importing various steel products from Vietnam to help customers save time and effort in purchasing. Over 12 years of establishment and development, MRS Steel is proud to bring satisfied experiences to major importers from the EU, USA, Canada, Mexico, Australia, Middle East, Southeast Asia,... MRS Steel has connected with the largest steel factories in Vietnam, such as Hoa Phat, Ton Hoa Sen, POMINA, Ton Dong A, SENDO... can meet all product requirements of customers at the best price.The policies and regulations on the import and export of iron and steel are also constantly changing based on the adjustments and development orientations of the Government. Therefore, to update the complete and latest information, you can contact MRS Steel for the best support.For more information and specific quotation, please get in touch with MRS Steel via:Address: No.41 Street 37, Van Phuc City, Hiep Binh Phuoc Ward, Thu Duc City, Ho Chi Minh City, VietnamWhatsapp: +84 76 911 2358Hotline: +84 28 36 22 33 58Email: vanloc@mrssteel.com.vn 

Ton Dong A Corporation is a brand producing galvanized steel sheets with prestigious and market-leading output. Ton Dong A's products stretch from North to South and have appeared in fastidious markets such as the US, Europe, and Japan.1. Company introduction: Ton Dong A CorporationEstablished on November 5, 1998, under the name Dong A Co., Ltd. In 2009, the company converted from a limited liability company to a joint stock company to match the development of the current economy. This enterprise specializes in producing cold corrugated iron, zinc-coated steel, cold corrugated iron, and color-coated iron, serving the construction and civil industries. After more than 20 years of establishment and development, Ton Dong A Joint Stock Company has always been committed to partners, customers, and consumers about product quality, service quality, and competitive prices to meet the needs of customers market.With the motto "Quality, Prestige, and Sustainable Development", Ton Dong A Corporation regularly researches domestic and foreign markets. Promote investment in technology lines to improve product quality and increase product diversity and abundance. Thereby affirming the position of Ton Dong A in the market and expanding export markets in Southeast Asia and towards further markets.With the motto "Quality, Prestige, and Sustainable Development", Ton Dong A regularly researches domestic and foreign markets. To increase investment in technology lines to improve product quality and increase product diversity and richness. Thereby affirming its position in the market and expanding export markets in Southeast Asia towards the further market.Ton Dong A Corporation is considered a product of good quality, high aesthetics, and a variety of colors to meet all requirements of customers. The company uses equipment and lines sourced from leading equipment manufacturers, such as Danieli, Tenova, and Kobelco. Up to now, the company's products have been exported stably. Determined to enter the markets of fastidious countries such as Europe, America, Australia, Japan...2. Product catalog of Ton Dong A Corporation Ton Dong A's products are top-rated in the market. In addition to the primary use, Ton Dong A's products are used in many different items, from construction to civil.2.1. Aluminum Zinc-Coated Steel Coil - Color-Coated Steel Coil Aluminum Zinc Coated Steel Coil: Color Coated Steel Coil is an indispensable item in construction and civil engineering. Besides being used for roofing, Aluminum Zinc Coated Steel Coil - Color Coated Steel Coil is also used to make advertising signs and interior decoration... In addition to meeting product quality standards such as durability and resistance to environmental factors, it also helps to increase the aesthetics of the building.To bring the Vietnamese brand to the world, Ton Dong A has launched the KING/WIN/SVIET product range. This set of products brings national pride when bringing images associated with Vietnamese cultures, such as the Vietnam dragon, Chim Lac, and an S-shaped strip of land.2.2. Hot-dip Zinc Coated Steel Sheet In Coil Hot-dip galvanized coated steel sheet in coil (GI) is cold-rolled steel coated with zinc. Galvanized steel sheet in coil is highly resistant to corrosion in the natural environment. Galvanized steel sheet is often used for roofing, partitions, and floor panels. Ton Dong A Corporation galvanized coated steel sheet products are cheap, durable, and popular. All galvanized steel products meet the following standards: JIS G3302, American standard ASTM A653, Australian standard AS1397, and European standard BS EN 10346. Dong A galvanized steel sheet has two main types: Z12 galvanized steel sheet and Z27 galvanized steel sheet.2.3. Galvanized Steel PipeTon Dong A galvanized steel pipe is cold-rolled steel that is galvanized using technology with a composition of 99% Zn. It is then rolled into a galvanized steel pipe. Galvanized steel pipe has a shiny surface and is 4-5 times more durable than black steel pipe. Ton Dong A currently produces galvanized steel pipe in 2 factories in Long An Province and Da Nang City. The galvanized steel pipe of Ton Dong A is manufactured according to JIS G3466.2.4. Cold Rolled CoilCold-rolled steel coil corrugated iron is low-carbon steel used as a semi-finished product to produce galvanized, cold, or black-colored corrugated iron. The cold-rolled coil is mainly produced from hot-rolled steel. With high strength, bearing capacity, and good impact resistance, Ton Dong A cold-rolled coils are widely used in manufacturing. At Ton Dong A, cold-rolled steel coils are specified according to TCVN 6524: 1999 and TCVN 6524: 2006.3. Advantages of Ton Dong A Corporation Ton Dong A determines its competitive advantage is providing high-quality galvanized steel products with competitive prices and the best services. The company is the number one choice for all large and small projects. With a variety of designs, many models help customers freely choose. The products of company are all manufactured on modern, closed production lines. The product has a good bearing capacity and is safe for users and environmentally friendly.Ton Dong A is a product of good quality, high durability, and an extremely affordable price. Products of the company meet the standards of their users. Unlike high-end corrugated iron lines, Ton Dong A corrugated iron is competitively priced, ensuring the best service life and performance. The company always puts quality first. When the products are less likely to fade, the roofing sheets used for many years still look new, have aesthetic value, and can be reused.If you want to know more about the production capacity of Ton Dong A Corporation, please leave your information here.

During this time, Vietnam's steel industry has significantly developed in annual production scale and diversified product range. One of the steel enterprises that has contributed to the success of the integration process is Nam Kim Steel, which has significantly contributed to raising the position of Vietnamese steel in many countries worldwide.1. The overall process of foundation & developmentNam Kim Steel JSC (trademarked Tôn Nam Kim) was officially established on December 23, 2002, specializing in manufacturing and trading all kinds of galvanized steel sheets. Other steel products are applied widely in construction, industry, and furniture...In 2010, Nam Kim Steel started constructing the first galvanized steel sheet factory with a capacity of 350,000 tons/year. Following new progress in improving production, Nam Kim continued establishing the second galvanized steel sheet factory in 2014 with a large degree, almost double the number 1 factory at 650,000 tons/year.2. Nam Kim Steel's business sector activitiesCurrently, galvanized steel products are the main product lines of Nam Kim Steel. In addition, the company also promotes the production of steel pipes. The company always focuses and invests all of its resources in manufacturing steel and improving the capacity of factories. These products include:Galvanized steel sheet: rolled steel form coated with two layers of zinc surface through a continuous hot-dip process.Galvanized aluminum-zinc alloy sheet: the coil is coated with a zinc-aluminum mixture with the proportions (55% Aluminum, 43.5% Zinc, and 1.5% Silicon).Color cold corrugated iron: a form of galvanized aluminum alloy corrugated iron. However, it will be covered with a layer of PE paint to increase the appearance of the building as well as maintain additional corrosion resistance for the product.Steel pipes: black box steel, galvanized steel box3. Production capacity and technical pioneeringNam Kim's products are manufactured using modern technological equipment. These factories applied a rust removal line with a capacity of 900,000 tons/year to produce. This is considered one of Vietnam's pioneering production technology lines when equipped with an acid reuse system, which helps improve overall productivity and contributes to energy saving and environmental protection. Besides the unique rust removal line system, Nam Kim Steel also owns a series of outstanding advances in production, such as a cold rolling line system with a capacity of 900,000 tons/year. The line features an AFC system that automatically calculates optimal flatness even at high speed.Nam Kim owns two corrugated iron factories with 350,000 tons/year and 650,000 tons/year capacity. Moreover, Nam Kim also owns another factory specializing in producing steel pipes with a capacity of 270,000 tons/year when the combined total capacity of 3 factories has helped factories reach a massive degree of 1 million tons per year, allowing the company to meet the demand for supplying steel in the domestic and international markets.4. Nam Kim Steel's position in the domestic market shareAlthough, in the beginning, it was still tricky for Nam Kim to participate in the galvanized sheet market and face fierce competition from the leading giants in the industry. After more than 20 years since its establishment and development, Nam Kim brand has gradually marked a remarkable transformation to become the 2nd leading brand in terms of market share of coated steel sheets in Vietnam.Market share of Galvanized steel Vietnam in 2021 and 2022According to Vietnam Steel Association (VSA), Nam Kim's market share in galvanized steel has grown steadily yearly, reaching 17.5% in 2021. This percentage helped Nam Kim rank 2nd position in the market share of the galvanized steel industry. Taking advantage of its strengths in production, the company constantly offers technical improvements for the factory to improve total productivity, creating a solid basis for the next step to dominate the market in the future.5. Brilliant highlights in the export market of Nam Kim Steel Although the company specializes in manufacturing and trading various steel products, galvanized sheet products are always the business's essential products when the proportion of exports accounts for 63.4% of sales revenue.Due to investment in a system of organized production equipment, Nam Kim coated steel sheet has passed strict standards and technical output requirements to export to the potential European market. The European market has been the most important export market, with a rate of 50% of annual export volume. Besides the EU area, the US market is also one of their key markets, with 20% of the export volume. ASEAN countries are also highly appreciated in the export planning of Nam Kim Steel.Steel Exporting Volume of Nam Kim In Specific Month In 2021 & 2022Although the domestic demand for steel in the past year has declined significantly, affecting steel enterprises' revenue, including Nam Kim. However, thanks to the strategic direction of investment in steel production capacity has helped its products achieve good output quality, and foreign markets will receive these products. This has contributed to the steady increase in export volume over the quarters. The positive export growth has helped Nam Kim Steel compensate for the loss of revenue due to the decline in domestic steel demand.6. Which is the best solution for importer about trading Nam Kim Steel?Nam Kim Steel is always proud to be a pioneer in investing and updating steel production technologies. This improvement contributed to bringing the total capacity of corrugated iron and galvanized steel to more than 1.2 million tons/year, which will change continuously.Therefore, before investing in trading strategy and importing steel, it is always essential for the plan to find out information about production structure and total production capacity. This is mainly for international importers facing barriers to understanding the Vietnamese steel market.MRS Steel is precisely the appropriate partner for you to solve your challenging problems based on our extensive knowledge of large steel manufacturers in Vietnam that we have. Our support will help you gain critical information about Nam Kim Steel's production capacity. Thereby we can create a valuable database foundation for you to refine your import plan so that it is optimal in terms of both time and cost. To receive a detailed report on the production capacity of Nam Kim Steel, please Fill in your information here.

The uncertain impact of the 2023 global economy on commodity prices, including iron and steel, has implications for the Steel Industry growth in Vietnam. Nevertheless, the industry's "big guys" still attract investors and exporters with unique stories.1. Situation of the global and ASEAN steel industryAccording to estimates by the World Steel Association (Worldsteel), steel demand in 2023 is forecast to reach 1814.7 million tons, up 1% compared to 2022. Other forecasts also reflect the impact of inflation and high-interest rates will affect the global steel industry. Currently, upstream factories are under tremendous pressure from the increase in input material prices, such as ore prices, and the shortage of coking coal with a price twice as much as in 2021. The reason is due to fluctuations in the local supply and demand situation from China, Australia, and Brazil. However, infrastructure demand is expected to increase slightly, contributing to a more positive improvement in steel demand in 2023.In ASEAN countries, although the Covid-19 pandemic has passed for a while, the effects and consequences of the disease still have not fully recovered. However, the good news is that countries such as Malaysia, the Philippines,... have issued policies to promote public investment projects to help the steel industry prosper. Not standing out of the race, Vietnam also focuses on recovering and developing a more stable steel industry.2. Steel industry growth in Vietnam 2023According to the Vietnam Steel Association (VSA), crude steel production nationwide will reach 23 million tons equivalent by 2022. Production of finished steel products will be at 31 million tons, and sales of finished steel products we teach about 27.5 million tons, all down 5% over the same period last year. Vietnam's iron and steel export market still mainly comes from Southeast Asia, accounting for more than 42%.Vietnam's steel market in 2022 experienced more difficulties and fluctuations than in 2021. Many large enterprises, such as Hoa Phat, are forced to pause some production plants to overcome the situation of high-priced inventories. It is expected that 2023 will continue to be a difficult year for the steel industry due to the stagnation and freezing of many projects. The industry's prospects will depend significantly on the policies to promote public investment in projects and the disbursement progress of the state.3. What opportunities for Vietnam's steel industry in 2023?Downstream factories using input materials such as billet, hot-rolled steel, and cold-rolled steel are all under pressure from fluctuations in semi-finished product prices and are at risk of losses. Hot-rolled steel prices have increased sharply in the last two years compared to 2018-2020. This makes it difficult for manufacturing enterprises to purchase and store raw materials proactively.In Vietnam, downstream factories can take advantage of domestically produced materials to alleviate some of the pressure due to latency. This is a preeminent competitive advantage only the domestic steel industry can do, thanks to its autonomy in raw steel supply and main types of semi-finished products.Besides, the International Monetary Fund (IMF) recently predicted that Vietnam's economic growth, although at 6.2%, is still impressive in the context of the global recession and price pressures from the markWorldorld school. Vietnam is a developing country with a strong position in exporting construction steel, mainly markets in ASEAN, the EU (16%), and the US (8%).4. MRS Steel - sourcing and importing various steel products from VietnamAccording to a report by the Vietnam Steel Association (VSA), modern production line technologies from Hoa Phat and Formosa also help improve the autonomy of domestic HRC. This helps stabilize the domestic prices of galvanized steel and steel pipes, reduce dependence on world HRC prices, and increase the advantage of steel export prices. By taking advantage of domestic raw materials, Vietnamese steel factories help limit pressure due to latency. In addition, the recent advantages of the government's export duty policy also contribute to making Vietnam a potential supply for many foreign partners. However, under trade barriers and cultural, language, and geographical obstacles, importers still face difficulties finding reputable and quality suppliers.Currently, MRS Steel is one of the units specializing in providing solutions for sourcing and importing various steel products from Vietnam to help customers save time and effort in purchasing. Over 12 years of establishment and development, MRS Steel is proud to bring satisfied experiences to major importers from the EU, USA, Canada, Mexico, Australia, the Middle East, Southeast Asia, etc. MRS Steel connects with the largest steel factories in Vietnam, such as Hoa Phat, Ton Hoa Sen, POMINA, Ton Dong A, SENDO,... MRS Steel can meet all product requirements of customers with the best price.Above is the latest information about the steel industry growth in Vietnam and globally in early 2023. Don't forget to follow and update many other impressive articles about Vietnam's iron and steel industry and the world exclusively at MRS Steel.For more information and specific quotation, please contact MRS Steel via:Address: No.41 Street 37, Van Phuc City, Hiep Binh Phuoc Ward, Thu Duc City, Ho Chi Minh City, VietnamWhatsapp: +84 76 911 2358Hotline: +84 28 36 22 33 58Email: vanloc@mrssteel.com.vn

In 2022, the global economy will face difficulties when inflation is high, and steel-using industries will slow down. Meanwhile, the price of raw materials for steel production increased, leading to an increase in production costs and a decrease in steel demand, which led to a reduction in crude steel production and finished steel products of all kinds—the period in 2021 from the beginning of the second quarter of 2022 until now. In Vietnam, in 2022, in the context that the domestic economy recorded a bright spot with a growth rate of more than 8%, it was a challenging year for the steel industry. Generally, in the fourth quarter of 2022, the production and sales of steel products had negative growth compared to the previous quarter. However, the export volume of the fourth quarter increased better. In 2022, the production of finished steel products of all kinds reached 29.3 million tons, down 12%. Sales of all types of steel reached 27.3 million tons, down 7.2% compared to 2021, of which finished steel exports Products of the Association's member enterprises decreased by more than 20% compared to 2021.According to experts, domestic steel consumption in 2023 can be supported by public investment and transportation projects. However, rapid inflation and tightening global monetary policy reduced investment and consumption demand, weakening steel consumption from the third quarter of 2022. Steel exports will remain quiet in the first and second quarters and will not recover until mid-2023 when the pressure to raise interest rates eases globally.Securities companies also said domestic steel producers will still face difficulties when construction demand decreases and input material prices increase. However, the expectation that the Chinese market will recover and the domestic public investment disbursement target is expected to increase by 20-25% will be the driving force for the recovery of the steel industry in the second half of this year.Source: Vietnambiz