Construction steel exports soar in Q3 Business

Construction steel exports soar in Q3

Vietnam exported over 400,000 tonnes of construction steel in the third quarter of 2020, increasing by 4 percent and 37 percent compared to the first and second quarters, respectively, according to the Vietnam Steel Association (VSA).
Steel industry expects consumption recovery by year-end Business

Steel industry expects consumption recovery by year-end

The implementation of many large projects after the social distancing period and disbursement of public investment for infrastructure until the end of this year are expected to support growth in construction steel consumption, according to Rong Viet Securities (VDSC).
Hoa Phat steel sales surge in July Business

Hoa Phat steel sales surge in July

Leading steel manufacturer Hoa Phat Group sold 300,000 tonnes of construction steel in July, a rise of 19 percent over that in June and 27.5 percent year on year.
Hoa Phat Group moves to expand market share of steel products Business

Hoa Phat Group moves to expand market share of steel products

Hoa Phat Group, a leading steel maker in Vietnam, expects its steel output will rise to 3.5-4 million tonnes in 2019, a year-on-year rise of 33 percent, when part of its 3-billion-USD Hoa Phat Dung Quat steel complex becomes operational in the central province of Quang Ngai.
Steel industry sees slowdown Business

Steel industry sees slowdown

The domestic steel industry has seen a slowdown in recently months with weak steel sales and price drops, according to the Vietnam Steel Association (VSA).
Steel imports rise 25 percent in 9 months Business

Steel imports rise 25 percent in 9 months

Vietnam spent 5.84 billion USD importing 13.92 million tonnes of steel and iron products in the first nine months of the year, the General Department of Customs’ statistics revealed
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 consumption up in first quarter Business

Steel consumption up in first quarter

Domestic steel sales of the Vietnam Steel Association (VSA) member companies rose in the first quarter, reaching 2.5 million tones – a 25 percent increase on the year.