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SSSC INCREASES THE EXPORT OF COATED STEEL SHEETS TO THE U.S. MARKET IN QUARTER 3, 2018

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Sine the beginning of 2018, the global economy has experienced remarkable unstableness, especially the trade war and import tariff from the U.S., the greatest economy in the world. Consequently, the nations with export quota to the U.S. including Vietnam were badly affected. On May 21, the U.S. Department of Commerce decided to apply the antidumping and countervailing duty (AD/CVD) orders on CORE and cold-rolled steel from Vietnam that originates in China and import tax of 25% on most steel imported to the U.S.

Despite that, the Vietnamese steel enterprises can find ways to approach this difficult market because the objective of such tariffs is to prevent products which originate in China and are processed to avoid taxes. Therefore, instead of using the main materials from China, the steel enterprises will use those from the nations that the U.S. does not apply taxes on. In addition, HRC from Vietnam, which are supplied by Formosa Ha Tinh, will solve the origin issue.

 With the motto of continuously searching business opportunity and increasing the export to advanced markets such as the U.S., Europe, Australia, Southern Steel Sheet Co., Ltd. makes the most of the materials, product quality that can meet international standards such as American Society for Testing and Materials ASTM A653/A653M, A792/A792M, Japanese Industrial Standards JIS G3302, JIS G3321. Thanks to the advanced technology, the output quality can be controlled thoroughly by specialists who were well trained in Japan. As a result, in August, 5,000 tons of coated steel sheets of SSSC was exported to the U.S. from Phu My and Cai Mep ports. The export will greatly increase in the final months of 2018 as the export orders to the U.S. and Europe are in progress.

With the vision of expanding worldwide and pioneering in technology, Southern Steel Sheet – SSSC is confident to push the export to big markets such as the U.S., Europe, and Australia, which will boost the Vietnam steel in particular and the Vietnam economy in general to develop and join in the global economy more deeply.