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10 Mar
10:23

Virus hits Vietnam's steel industry

The worldwide spread of COVID-19 has affected the stability of the Vietnamese steel industry, Kallanish notes. Trinh Khoi Nguyen, deputy chairman of the Vietnam Steel Association (VSA), said the virus outbreak has hurt the country's steel industry both in terms of production and demand. Nguyen said that local steel consumption is expected to fall by -35% and exports by -20% as construction projects stop and countries take rigorous measures to monitor…
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