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).
Notably, the export volume of hot rolled steel reached over 270,000 tonnes, rising by over 330 percent from the first quarter.
As many as 2.7 million tonnes of construction steel were sold in the reviewed period, up 19 percent and 6 percent against the first and second quarters, despite a drop in output, VSA said.
Other products such as hot and cold rolled steel, galvanized and colour-coated steel sheets, and steel pipes all recorded stable growths in both sales and exports.
Steel output in the first three quarters of the year down 1.7 percent year on year to 18.5 million tonnes. Meanwhile, steel sales in the period reached 16.5 million tonnes, a decrease of 4.3 percent year on year, including over 3.2 million tonnes exported, down 8.6 percent.
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