[SMM brief Review] Vietnam 201 restriction order will postpone implementation to benefit China's 200 series stainless steel export market

SMM7 March 14: according to recent reports, due to the impact of the COVID-19 pandemic this year, enterprises have encountered many difficulties in production and management. According to the guiding spirit of Vietnamese Prime Minister Nguyen Chun Phu in Directive 11 / CT-TTg of March 4, 2020, eliminating the difficulties of production and commercial enterprises in the epidemic phase of COVID-19 will support and stabilize the production and business of enterprises engaged in stainless steel industry. As a result, the General Administration of Standard Metrology and quality has proposed that the Ministry of Science and Technology postpone the application of the National Technical Regulation QCVN 2015 2019 / BKHCN until January 1, 2022.

Earlier, Vietnam said that in order to ensure strict control of the quality of stainless steel, it would stop importing 201 stainless steel from China from June 1, 2020, but lifted the ban only a month later and postponed the implementation to January 1, 2020. Official documents are expected to be issued next week.

According to SMM, the third quarter of the domestic 200 series cold and hot rolling transaction performance is difficult to show optimism, most traders said that just need to close the transaction is still flexible operation, a small profit-based, affected by the epidemic this year, 200 series stainless steel export volume reduced, coupled with some overseas countries on stainless steel anti-dumping law implementation, Vietnam delayed import 2011information on China's 200 series export market later positive.