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In May 10/2015, construction steel production of member firms of Vietnam Steel Association reached nearly 618,000 tonnes, up 29.9% over the same period 2014. This is an increase of output of construction steel producer in The highest month ever.
Corrugated steel consuming markets has had a positive change in October and early May 11. The reason is that at the end of the year, the number of projects being implemented quite a lot, in addition to favorable weather also make the market better.
Reports from Vietnam Steel Association said production of steel products now reach more members May 10/2015 1.3 million tons, up 21.6% over the same period in 2014 and up 7% the previous month, sales reached nearly 1.12 million tons, up 17.6% over the same period in 2014 and up 13% compared with the previous month.
For sheet market (both galvanizing and color coating), in the month 10/2015 consumption also rose, reaching more than 212,000 tons, up 22.4% compared with September and rose 34.6% compared with same period of 2014.
VNA quoted Nguyen Van Sua, vice chairman of the Vietnam Steel Association said that steel companies in recent years have become more proactive in enhancing competitiveness, welcomed the opportunity to prosper from the definition of the market real estate.
However, businesses are still confronted with cheap imports from China "disguised" alloy flood the market in the country: as embryos China with cheap chromium are importing massively in Vietnam trading around USD 255-258 / ton, down 45-50% from early 2014,
Meanwhile, the export market is also troubled by the Vietnam Steel dumping lawsuits on many large markets. Here, when the free trade agreement took effect, steel production enterprises of Vietnam will face more intense pressure to steel imports from ASEAN countries, Russia ...
According Chinhphu.vn
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