Vietnam’s total steel production output was estimated at over 5 million tonnes in 2013, a 2.7 percent increase year-on-year, according to the Vietnam Steel Association (VSA).

In the year, Vietnamese steel exporters are expected to ship abroad about 2.5 million tonnes of steel and steel products, generating a total revenue of over 2 billion USD.

The main markets for Vietnamese steel products, mostly construction steel, are the US, Thailand, Indonesia and other Southeast Asia countries.

The VSA forecasts steel production and sales will remain unchanged next year, edging up a negligible 2–3 percent from 2013’s figure.-VNA