Steel Article

Vietnam imports nearly 10 million tons of steel in the first half of the year
13 July 2016 07:27

Vietnam's "Economic Times"reported on July 6: The latest data released by Vietnam Steel Association indicatedVietnam imported 9.6 million tons steel and semi-finished steel products in thefirst half of the year, import amount reaching 3.42 billion, of which 60%imported steel are from China. Compared with the same period of last year,imports increased 48% while the import account only 1%. Vietnam Steel Associationestimates steel import will continue increasing, especially in the second halfyear for the large demand of construction steel. Although the Ministry ofIndustry and Trade already imposed 14.2%-23.3% temporary protection tariff,enterprises still can’t stop importing steel.

Posted on July 8th, 2016

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