Market News

HOLIDAY NOTICE FOR REUNIFICATION DAY (APRIL 30) & INTERNATIONAL LABOR DAY (MAY 1) – 2026

Dear Valued Customers and Partners, Inox Vietnam Manufacturing and Trading Co., Ltd. would like to inform you of our holiday schedule for Reunification Day (April 30) and International Labor Day (May 1) in 2026 as follows: 📅 HOLIDAY SCHEDULE Holiday begins: Thursday, April 30, 2026...

Outlook Forecast for the Stainless Steel Industry & Opportunities for Inox Vietnam in 2025

1. Overview of Vietnam’s Stainless Steel Market in 2025 Vietnam’s stainless steel (inox) industry is experiencing strong growth, driven by increasing demand across construction, industrial manufacturing, mechanical engineering, household appliances, food processing, and healthcare. However, the market also faces significant challenges, including raw material price...

Vietnamese Cold-Rolled Stainless Steel Faces Anti-Dumping Investigation Request in Thailand

Thailand’s investigation authority has recently announced that it has accepted a petition requesting an anti-dumping investigation into cold-rolled stainless steel originating from or imported from Vietnam. According to information released by the Trade Remedies Authority of Vietnam (Ministry of Industry and Trade) on September 18,...

Nippon Steel Announces Sale of Shares in South Korea’s POSCO

On September 24, 2024, Nippon Steel announced that it will sell 2,894,712 shares of POSCO Holdings Inc. in order to improve asset efficiency, while maintaining its strategic alliance with the company. In its official announcement, Nippon Steel stated that, as part of efforts to enhance...

POSCO Invests Over USD 380 Million to Modernize Blast Furnace No. 4 in Pohang

At the end of April this year, South Korean steelmaker POSCO began maintenance work on the technical equipment of Blast Furnace No. 4 at its Pohang plant. The company is currently reviewing the possibility of resuming production at this facility by the end of June....

Asian stainless steel prices to stabilize

The LME nickel price recently has dropped to the US$16,200/ton level. After that, the nickel price remained stable and had no big influence. Although the demand is weak in Asia, China’s stainless steel price has remained stable due to high raw material costs. The demand...

South Korea terminates AD measure on Japan’s stainless steel plates

The Korea Trade Commission (KTC) announced its final determination of the third anti-dumping (AD) sunset review on stainless steel plates originating in Japan, ruling that the termination of the existing AD measure will not result in the continuation or recurrence of the injury to the...

Taiwan’s stainless steel manufacturers strive to stabilize market

Although the futures price of stainless steel in the Chinese market fell, the spot price was temporarily stable due to the increase in ferronickel prices and strong price support by PT Indonesia Tsingshan Stainless Steel. Local distributors pointed out that the first quarter is originally...

ISSDA: India’s stainless steel MSMEs impacted by dumping imports from China

Rajamani Krishnamurti, the president of the Indian Stainless Steel Development Association (ISSDA), said that nearly 30-35% of small or medium enterprises (MSMEs) in Gujarat stopped their business during the period from July to September last year due to the influx of cheap imports from China,...