Who will receive the biggest benefits from the steel production policy? Hoa Phat Group, VnSteel, Tisco and Viet Y Steel will benefit the most from the Ministry of Industry and Trade’s (MOIT) decision on July 18 to protect domestic production. The remaining hundreds of small enterprises account for 27 percent of the market share.As for steel rods, there are 21 manufacturers which hold 93 percent of the market share. Pomina would bear adverse effects from the new decision,” HSC said.Bizlive VietNamNet Bridge - Hoa Phat Group, VnSteel, Tisco and Viet Y Steel will benefit the most from the Ministry of Industry and Trade’s (MOIT) decision on July 18 to protect domestic production.The ministry has decided to impose an official tariff of 23.3 percent on ingot steel and 15.4 percent on steel rods as an official safeguard measure against cheap imports to protect domestic production following a warning that domestic products pose a big threat.The decision will take effect on August 2, 2016.According to MOIT, no enterprise hold 30 percent or more market share, which is considered a dominant position.There are 14 ingot steel manufacturers in the market whose total output accounts 73 percent of the market share.Hoa Phat Group is the largest with 25 percent of the market share.

Source: VietNamNet News July 31, 2016 03:00 UTC