Domestic steel consumption drops strongly from May Business

Domestic steel consumption drops strongly from May

Domestic consumption of steel in June dropped 14.9 percent compared to May to 1,794,193 tonnes and production output also fell 1.25 percent month on month to 2,058,445 tonnes, according to the Vietnam Steel Association.
Steel production steadies, room for growth Business

Steel production steadies, room for growth

Despite stagnation in the second quarter of 2017, Vietnam’s steel industry managed to turn a profit in the first seven months of the year, led by a rebound in construction and real estate demand.
High consumption to raise steel prices Business

High consumption to raise steel prices

Domestic steel prices are expected to rise in the near future, thanks to increasing construction demand, the real estate market’s recovery and high consumption.
Steel prices surge ahead of tariffs Business

Steel prices surge ahead of tariffs

The domestic steel market has seen a price surge and hoarding before temporary safeguard measures recently imposed on two types of steel imports into the Southeast Asian country, experts said.