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Print[Ferro-Alloys.com] At a recent Government meeting, Deputy Prime Minister Le Minh Khai asked the ministry to find solutions to increase domestic steel production and ensure supply and demand balance.
The ministry said that soaring steel prices had hit not only Vietnam but also the global market. Domestic steel production is heavily dependent on imported raw materials, making a price increase unavoidable.
The ministry said technical barriers and quality standards were being studied to create a healthy market together with the active implementation of trade defence instruments.
A close watch is being kept on the market development to handle the dumping of some steel products into Vietnam as well as to cope with anti-dumping lawsuits on products originating from Vietnam to minimise injuries to domestic producers.
Market watch efforts have also been enhanced to prevent market manipulation or trade fraud which might cause loss to the State budget and negatively affect consumers.
The ministry is studying policies to control exports of steel products which the domestic market has a high demand for to propose to the Government for approval while raising solutions to remove difficulties for steel production investment projects.
Source:VAN
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- [Editor:李慧]
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