Steel imports continue to rise

Steel market report in September 2016 just published by Vietnam Steel Association continues to emphasize, steel import into Vietnam in the first 9 months continued to rise.

Some imported steel products had high growth rates over the same period in 2015, such as color coated steel sheet was 385,603 tons, up to 99.79%; rolled steel and rebar were 394,322 tons, up 99.53%; section steel is 109,765 tons, up 39.17% ...

The Association's data also said that, the total amount of finished and semi-finished steel products imported into Vietnam from January 1, 2016 to August 31, 2016 was over 12 million tons, with a total import turnover. reached more than 5.12 billion USD. The amount of finished steel products imported from China amounted to more than 7 million tons, accounting for 59% of the total steel imports. Other countries supplying large amounts of steel to Vietnam include: Japan (14.85%), South Korea (9.53%), Taiwan (9.51%) ...

Regarding the production and sales of steel products in September and the first 9 months of 2016, the Association stated that the domestic construction demand was good, so the production and consumption of construction steel still maintained the output level. high.