Vietnam's consumption for steel expected to be 17 million tons in 2017
2017-02-06 18:10:22 [Print]
Vietnam Steel Association expected that Vietnam will consume about 17 million tons of steel in 2017, mainly including four kinds of steel: building steel, cold rolled steel, steel plating and color steel
Vietnam needs to import raw material and semi-finished products to process because they can’t produce hot-rolled steel and alloy steel. Meanwhile, Vietnam also exports steel . Their exports were USD2 . 4 billion in 2016, up by 18 . 1 YOY and their export markets are mainly ASEAN countries and America.
. Vietnam produced 17 . 5 million tons of steel in 2016, up by 16 . 8% YOY and consumed 15 . 3 million tons of steel, up by 23 . 7% YOY . The output for building steel was 8 . 5 million tons, up by 18 . 3% and consumption was 8 . 4 million tons, up by 20 . 6% YOY.
Vietnam needs to import raw material and semi-finished products to process because they can’t produce hot-rolled steel and alloy steel. Meanwhile, Vietnam also exports steel . Their exports were USD2 . 4 billion in 2016, up by 18 . 1 YOY and their export markets are mainly ASEAN countries and America.