In two days, 14th and 15th Nov 2020 in Can Tho City, the Southern Steel Company - VNSTEEL held the Mekong Delta Open tennis tournament - VNSTEEL Cup /V/ 5th.
Many investors are quite concerned about the possibility of slowing down of the world economy, thereby affecting the demand for commodities. As a result, risky assets are subject to a significant reduction and steel is not out of the trend.
 
The steel industry is facing many difficulties due to high raw material prices and reduced consumption.
The steel industry is facing many difficulties due to high raw material prices and reduced consumption.
Many investors are quite concerned about the possibility of slowing down of the world economy, thereby affecting the demand for commodities. As a result, risky assets are subject to a significant reduction and steel is not out of the trend.
The common point of steel enterprises in the first half of 2019 is the increase in raw material prices, leading to increased cost of goods sold and reduced profits.
In the first 6 months of 2018, Vietnam's steel industry achieved positive growth. To achieve the set goals for the year, steel enterprises will have to overcome many difficulties
US-China trade tensions have pushed the US dollar (USD) to a high level, while the yuan has fallen sharply, which will have an impact on domestic manufacturing industries.
Assessing the prospects of the steel industry in the second half of 2019, analysts said that the increased competitiveness in the coming years will be a test with steel enterprises about market share, the ability to maintain profits and cash flow.