Vietnam is a country with outstanding economic development, especially the steel industry. The emergence of many advanced steel production plants from Nippon, Danieli, Tenova and increasingly focus on quality have made Vietnam a prestigious steel supplier in the world.
Mexico is becoming one of the top importers from Vietnam. The signing of the CPTPP agreement, reducing import tax to 0% has created favorable conditions for this strong cooperation.
Specifically in August 2019, Mexico was in the top 5 countries importing coated steel from Vietnam. The previous Mexican anti-dumping duty on steel originating from China, Taiwan, Korean will be a clear basis for Vietnam to become a potential source of steel in the near future.
Steel prices have fallen after a long time, the market is at the bottom, this is an opportunity to import not only for markets close to ASEAN but also for markets as far as Mexico, Canada and the US.
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