Vietnam has, for the first time, broken into the world’s top 10 crude steel producers, marking a major milestone for its fast-growing steel industry, according to the World Steel Association (Worldsteel).
Although local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer.
The surge in prices of steel since the beginning of 2021 helped many steel producers record good performance in the first quarter.