Vietnam's Tong Dong Steel Plans To Increase Output by 20% in 2019

Vietnam based steel mill Tong Dong A Corporation - a flat steel specialist mainly producing galvanised steel coils (GI) and galvanised-aluminium steel coils (GL) is planning to to increase its output in 2019.

The company plans to reach at 7,20,000 MT of output from mill in CY'19 higher by 20% compared to previous year.

Currently the company has been developed under two phases.

In first phase 100,000 TPY installed GL production capacity and the second phase is 600,000 TPY of both GI and GL production capacity. Both phases are been operated in pickling lines.
Meanwhile last year company added GI square pipeline having the monthly output of 5000 MT.

Thus the company majorly sources HRC from local mills whereas CRC is been procured from POSCO.

Meanwhile currently company sells its products largely to domestic market and 40% of sales to exports. Thus company is trying to maintain the export ratios at similar levels in CY'19.

A representative from the company’s exports department quoted that, “We are expecting to see the company’s exports ratio grow to 45% and domestic sales to reduce slightly to 55% of our production in the years to come".

News No: 4343
Date: 2019/04/12 - 16:09
News Source: SteelMint

Vietnam  Tong Dong Stee  galvanised steel coils  aluminium  GL 


Leave a Comment:


Global HRC Market Overview - Week 29, 2019

Chinese HRC export offers continue to remain on lower side- Chinese HRC export offers continue to show downturn this week owing to thin trades happening in export market. Overseas buyers are unwilling to purchase material at higher prices and are bidding on lower side with the anticipation of further decline in prices.

Indian Govt Recommends Imposition of Provisional Anti Dumping Duty on Galvalume Steel Products

Indian govt has issued preliminary findings in its initiated investigation of anti-dumping on the imports of Aluminum and Zinc coated flat products originating in or exported from China PR, Vietnam and Korea RP.

Vietnam: Imported HRC Offers Decline Amid Limited Buying

With the commencement of this week, imported HRC offers to Vietnam registered decline by USD 5-10/MT W-o-W on the back of softening prices in Chinese steel market owing to sparse trading and ‘wait & watch’ approach adopted by Vietnam based end users.

Bangladesh: Importers Turn Active for Bulk Scrap Bookings

In recent conversation with industry participants SteelMint learned that steel mills in Bangladesh have turned active for bulk bookings. It is learnt that 2 bulk cargos for ferrous scrap were booked recently from USA and Japan, to Bangladesh

Global Billet Market Overview: Week 28, 2019

The global billet market remained sluggish this week, as Turkish imported scrap prices have witnessed a drop amid limited deals. However market remained abuzz with recent billet bookings by China from Iran and Qatar made in last couple of weeks.

Global Ferrous Scrap Market Overview - Week 28, 2019

Global ferrous scrap prices observed mixed trend this week. Turkey observed softening on a standoff between buyers and sellers which has resulted in a sharp correction in global offers towards the closing of the week.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners