Vietnamese Steel Firms Urged To Ensure Material Transparency

VNS reported that That’s the message from Ho Nghia Dung, chairman of Viet Nam Steel Association (VSA) after the US Department of Commerce (DoC) decided to levy import tax on steel produced in Viet Nam using Chinese-origin substrate said that Vietnamese steel makers should follow laws and requirements on origin when exporting their products to the US.

The chairman said the country’s steel sector has seen strong growth of construction steel and flat steel. Viet Nam has been able to produce construction steel products, from ore, steel scrap to hot rolled steel. Previously, Viet Nam had to import hot rolled steel from foreign countries including China, South Korea and Japan.

VSA said they co-operated with ministries, sector and businesses to clarify two issues relating to DoC’s investigation on steel produced in Viet Nam using Chinese-origin substrate.

They would clarify that not all Vietnamese steel originates from China. In addition, Viet Nam has been investing in large and modern scales of final production stages to produce galvanised and cold rolled steel.