Steel manufacturers fear trade agreement with Russia Domestic steel manufacturers, already suffering heavily from oversupply and competing with low-quality Chinese imports, fear they may be “crushed” by In the negotiations on the free trade agreement (FTA) between VCUFTA to be inked soon  Signing an FTA with They have reached agreements on most issues, except ones related to steel manufacturing and petroleum products. Meanwhile, However, the pressure of ACFTA has been tough for Vietnamese steel manufacturers, who have had to struggle to resist the massive volume of imports from A report from the General Department of Customs showed that in 2013, Therefore, analysts have every reason to warn that if VCUFTA is signed, Vietnamese steel manufacturers could be dislodged from their home market. Steel manufacturers shout for help According to the Vietnam Steel Association (VSA), domestic steel manufacturers were shocked after they were informed about the tentative tariff cuts. The association has sent a petition to the government, the Ministries of Finance and Industry and Trade, requesting to reconsider the tax cut roadmap. VSA’s deputy chair Chu Duc Khai said He said Russian steel products, with 70 percent steel products made of reverter furnace and 8.1 percent of Asian market share, would flood into It is obvious that However, an expert said that it takes 12-15 days only to ship cargo from the It costs $20 to ship one ton of steel from TBKTSG |
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