Last year, Hindalco along with Raviraj Foils and Jindal India filed an application on behalf of the domestic industry seeking continuation of anti-dumping duties on aluminium foil imports from China

The processing of traditional Vietnamese food products meeting international quality standards is a new direction chosen by many companies in a bid to boost exports.

Competition in seafood prices in the international market makes it difficult for Vietnamese businesses to find orders, leading to price reductions.

Vietnam exported about 7.1 million tonnes of rice in the first 10 months of 2023, equivalent to nearly 4 billion USD, up 17% in volume and 35% in value, compared to the same period in 2022, according to the Ministry of Agriculture and Rural Development.

A major contributor, according to a spokesperson from the VFA, is how exporters leave themselves vulnerable to price fluctuations. Many exporters choose to sign contracts with foreign buyers first and look for supply later. Once prices surge in the domestic market, they either have to negotiate or accept the losses.

Recently, an anti dumping investigation against the importation of hot rolled steel from the Russian Federation, China, India and Japan has been launched by the Turkish government. This procedure has been initiated by a Communiqué on the Prevention of Unfair Competition in Imports published in the Official Gazette. The relevant page of the Gazette is available online here.

The European Commission is set to extend anti-dumping duties on hot-rolled coil (HRC) from Brazil, Iran and Russia for a further five years.

The determination of the Government, ministries, sectors and localities to promote disbursement of public investment, and efforts taken to address difficulties and speed up the development of the real estate market are positive signs for the steel industry to regain growth momentum in the remaining months of 2023 and early 2024, according to insiders.