Industry News

Positive signs for steel industry at year-end

Views : 189
Update time : 2020-10-27 16:10:31

HÀ NỘI — The production and consumption of building materials started resuming at the end of the third quarter this year as lots of construction works were speeding towards completion, however, local producers have been warned to watch the market to avoid a possible surplus.

Trịnh Khôi Nguyên, deputy chairman of Việt Nam Steel Association (VSA), spoke to more than 100 participants who took part in a seminar that reviewed the steel market in the first nine months in Hà Nội yesterday,

“Though the impact of the COVID-19 pandemic made great difficulties for the production and consumption of steel products, making many local producers not achieve the same growth rate as in previous years, there have also been good signs for the industry in the period," he said.

Related News
Read More >>
China's bauxite import in September hit hard with serial disruptions. Will 2025 be any different? China's bauxite import in September hit hard with serial disruptions. Will 2025 be any different?
Nov .15.2024
China's bauxite import in September hit hard with serial disruptions. Will 2025 be any different?
Egypt Aluminium achieves 45% of previous year’s net profit in only Q1, marking 160% Y-o-Y growth Egypt Aluminium achieves 45% of previous year’s net profit in only Q1, marking 160% Y-o-Y growth
Nov .15.2024
Egypt Aluminium achieves 45% of previous year’s net profit in only Q1, marking 160% Y-o-Y growth
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry
Nov .15.2024
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology
Nov .15.2024
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology