Industry News

Vietnam's steel consumption expected to rebound

Views : 181
Update time : 2020-10-08 19:58:16
According to Rong Viet Securities (VDSC), the implementation of many large-scale projects and public investment in infrastructure was expected to support the growth of construction steel in Vietnam.

Since the beginning of May, the demand for steel pipes and galvanized steel products of Vietnam had been rebounding. The steel pipe sector had recovered due to domestic steel demand from housing, industrial real estate, and manufacturing, and the dependence on the galvanized steel export market has also decreased.

The Vietnam Steel Association (VSA) predicted that the production and sales of domestic construction steel will improve starting in September.

Meanwhile, Hoa Phat Group, a Vietnam steel manufacturer, stated that the new production line at its Dung Quat plant will catch up with the rebound in steel demand.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11