Vietnamese Steel Company Expresses Worries About Influx of Chinese Cheap Steel

Vietnamese Steel Company Expresses Worries About Influx of Chinese Cheap Steel
A man works at a private steel workshop in the Dong Anh district on the outskirts of Hanoi, Vietnman, on Nov. 14, 2014. Hoang Dinh Nam/AFP/Getty Images
Frank Fang
Frank Fang
Reporter
|Updated:

A Vietnamese steelmaker recently expressed that its business could soon be hurt by an influx of cheap Chinese steel, as Chinese steelmakers try to dump excess capacity overseas.

As China has been trying to reduce its steel capacity, it is looking into overseas markets to buy its steel products due to weak demand at home as a result of the economic slowdown. The downturn has been exacerbated by the effects of the ongoing Sino-U.S. trade war.

Frank Fang
Frank Fang
Reporter
Frank Fang is a Taiwan-based reporter. He covers U.S., China, and Taiwan news. He holds a master's degree in materials science from Tsinghua University in Taiwan.
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