Steel production sliding as consumption fluctuates

The Vietnam Steel Association (VSA) has reported that finished steel production in August reached 1.982 million tons, down 12 per cent compared to July and 21.6 per cent compared to August 2021. Consumption of steel of all kinds reached 2.15 million tons in the month, up 8.13 per cent against July and up 4.1 per cent against August last year. Finished steel production reached 20.808 million tons in the first eight months of the year, down 5.8 per cent over the same period of 2021, while finished steel consumption was 19.261 million tons, down 1.6 per cent.