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.

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