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Risk "by the" cheap Chinese steel
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TT - Although steel consumption is growing strongly but VSA warned domestic steel industry will face many difficulties at risk "by the" cheap Chinese steel
Information from VN Steel Association (VSA) said in January 10-2015 construction steel consumption reached 630,000 tons approximately, up nearly 100,000 tons compared to the previous month and up to 26% over the same period last year, after when falling threshold per 520,000 t / month of the previous two months.
However, VSA also warned domestic steel industry will face many difficulties at risk "by the" cheap Chinese steel, as demand and steel prices in China have plunged after the bank increased intensity squeeze "purse" for the country's steelmakers.
Steel prices of imported raw materials at the port 11-2015 month VN continued to decline by 15-20 USD / ton was US $ 170-175 / ton, while steel billet 265-270 USD / ton
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18/8/2025
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