16
Jun
09:46
Vietnam's steel industry grapples with credit crunch
The Vietnamese government aims to tackle rising inflation and property prices in the country, Kallanish understands. Measures such as an increase in interest rates and curbing access to credit have caused steel demand and prices to tumble and also caused steel market bearishness.
“Steel demand has fallen by 40%,” a mill manager says of Vietnamese domestic consumption in the past 1-2 months. The credit crunch, which is affecting property devel…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous