Steel producers await positive results in H2

While steel prices have continued to fall and demand remains low, the steel industry is expected to recover at the end of this year.

A recent monthly report from Việt Nam Steel Association (VSA) showed that construction steel production decreased by 9.1 per cent month-on-month to 738,196 tonnes. Sales also fell by 6 per cent to 874,441 tonnes, of which sales to international markets declined by 21.5 per cent to 149,623 tonnes.

Construction steel manufacturing output for the first half of the year totalled nearly 5 million tonnes, a 25.5 per cent decrease from the same period last year, while sales and exports decreased by 22.7 per cent and 38 per cent over last year, respectively, to roughly 5.1 million tonnes and 831,000 tonnes.