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Steel consumption in 2015: Increase but lo!
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General construction steel consumption in 2015 increased by 24.3% both compared to 2014 to nearly 7 million tons. However, while manufacturers of construction steel billet advantage of cheap resources to lower prices and gain market share, the domestic manufacturers to reel embryos by embryo imports from China increased sharply .
Talking to HCMC this afternoon, 6-1, Nguyen Van Sua, vice chairman of the Vietnam Steel Association, said overall construction steel consumption in 2015 is very satisfactory with total sales of nearly 7 million tons, increase of 24.3% compared to 2014. with this growth, he Sua hopes construction steel consumption will reach planned 2016 increase 15% compared to 2015.
Normally, the production and consumption of steel increased output corresponding to embryonic material. However, the situation was different last year, when the amount of billet from China into Vietnam quite a lot of market share to over 20%, making domestic production of embryos in 2015 include only about 6 million tons, up 2% compared to 2014.
Ms. Vo Thi Hanh, General Director of the French Steel Vietnam in Quang Nam province, said in 2015, the impact of the embryo, cheap steel from China massively in Vietnam caused many domestic steel enterprises suffered losses, Vietnamese steel company in which France will suffer the same scene.
"The latest information I heard from Chinese billet prices continue to fall further, the price offered in the city just 6,300 VND / kg ingot and this is lower than the price of domestically produced embryos of about 600-700 VND / kg. This means that pressure on steel makers, domestic ingot growing, "Hanh said.
Prior information renminbi continue billet prices, the loss of low-priced China is forecast to continue to massively into Vietnam.
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18/8/2025
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