Vietnamese steel production expected to grow by 20% in 2018

16 July 2018. According to the Vietnamese Ministry of Industry and Trade, total domestic steel production is expected to gain a year-on-year growth of about 20% this year. In particular, construction steel segment is expected to grow by 10%, cold-rolled steel sheets by 5%, welding steel by 15%, and galvanized steel at 12%. Hot-rolled steel is expected to increase the most at 154%, due to Formosa Hà Tĩnh’s second blast furnace which is expected to come online in the second half of 2018.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s