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Update news vn steel industry
The domestic steel industry in the first half of the year produced a total of 12.6 million tons of steel, sold 11.6 million tons, of which 2.5 million tons were exported, increasing by 7.7%, 9.8% and 6.3% year-on-year, respectively.
Vietnamese steel manufacturers must be transparent about the origin of their products when exporting to all markets, experts say.
A spokesperson for Song Da No2 Joint Stock Company (SD2) called up a magazine to grumble that steel prices have skyrocketed, pushing up costs for his company by billions of dong since the prices started to rise.
Vietnam risks being flooded by imported steel products, warned Nguyen Van Sua, Vice Chairman of the Vietnam Steel Association at a meeting in Hanoi on January 13 to review the association’s performance in 2015.