New Investment of SteelFab in South Carolina

Vietnam's Trade Remedies Authority has updated its watchlist, with steel emerging as the sector under the most pressure, 9 product lines flagged across the EU, US, Canada, Australia, and India, including cold-rolled flat/stainless steel, hot-rolled 304 stainless steel, structural steel sections, prestressed steel wire strand, welded carbon steel pipe, bolts, and screws. Some products are growing fast: 304 stainless steel exports to India are up 95.6% (holding 39.2% import market share), welded carbon steel pipe to Canada up 190.7%, and prestressed steel wire strand accounting for 34.6% of US imports, even as the US already imposes duties on 22 other markets for similar products. The Ministry advises companies to tighten control over raw material sourcing and ensure traceability of origin to reduce risk.

As of July 21, the operating rate among 50 EAF steel mills mainly producing construction steel nationwide was 36.62%, up 0.04 percentage point WoW; the capacity utilization rate was 36.50%, down 0.06 percentage point WoW; daily average production of construction steel stood at 81,300 mt, down 100 mt WoW.

According to SMM statistics, both mill inventories and social inventories saw inventory buildup to varying degrees. Total construction steel inventories reached 8.4379 million mt, up 41,800 mt WoW, or up 0.50% WoW, with the pace of inventory buildup continuing to slow.