Positive signs for steel industry at year-end

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.