Quang Ngai approves $380 mln railway rail manufacturing project
The project will be constructed on a 15-ha site within the Eastern Industrial Park of the Dung Quat Economic Zone in Van Tuong commune, Quang Ngai province.
2023 steel production to rise 3%
Market facing difficulties due to lower demand.
Steel production slows in Jan-Feb
Production down 16.3% year-on-year in first two months.
11M steel production and consumption continue downwards
Vietnam’s steel market is exhibiting few clear signs of recovery while its real estate market faces many difficulties that affect steel consumption.
Understanding on the up but businesses need to make more of CPTPP
Vietnam’s export turnover to the market is rising handsomely while appreciation of the agreement is growing.
Steel production and consumption slipping
The Vietnam Steel Association (VSA) has reported that steel production and consumption in October fell 16.3 per and 29.4 per cent, respectively, year-on-year. In the first ten months of 2022, steel production and consumption were down 8.7 per cent and 6 per cent, respectively, year-on-year. VSA forecasts that Vietnam’s steel market will continue to face many difficulties in the fourth quarter.
Steel production and consumption down in June
The Vietnam Steel Association (VSA) has reported that steel production declined 12.3 per cent year-on-year in June and steel consumption 0.5 per cent. Production was down 2.4 per cent year-on-year in the first half, while consumption increased 0.6 per cent.