Vietnam’s steel production surge in May

Several steel products saw a surge in productivity in May. The bar and angle steel products showed the highest increase of 22.5%, following by rolled steel with 21%.

vietnam’s steel production surge in may hinh 0

Statistics from Vietnam Steel Association showed that in the first four months of the year, steel consumption has seen a strong increase of 1.3 million tonnes, posting 49% year-on-year rise.

The association forecast that domestic steel prices would be increased 10% to VND11.4 million (US$506) per tonne in the upcoming times.

VNA

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