Industrial production continued its upwards trajectory in the first quarter of 2022, with value rising 7.07 per cent year-on-year, in which processing and manufacturing rose 7.79 per cent and continued to be a driving force. Industrial products to increase sharply included phone components, automobiles, steel, and processed seafood.
Steel prices have been continually increasing in recent times, which according to the Vietnam Steel Association (VSA) is due to the influence of the global steel materials and products markets. Prices are thereby likely to continue heading upwards for the time being.
Country produced 20 million tons of steel in 2022. Vietnam ranked 13th in the world in terms of steel production output in 2022, with 20 million tons, accounting for 1.1 per cent of total global supply. Global steel makers produced 1.878 billion tons last year, a slight increase against 2019’s 1.875 billion tons, prior to […]
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