Cheap imported steel products affect domestic firms

by VTV409 July 2016 Last updated at 19:28 PM

VTV.vn - Colour-coated steel imports from China have increased by nearly 2 and a half times during the past 3 years from 130 thousand tonnes to 310 thousand tonnes.

Import value reached over 233 million USD in 2015. Prices of colour-coated steel products imported from China are 30%-40% lower than domestic products. This has had a negative impact on Vietnamese enterprises in terms of decreases in production output, market share, revenues and labour force. In addition, inventory and production costs have increased while have prices have not risen. The surge in steel imports has also affected the country’s trade and foreign currency balance.

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