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22 Jun
14:18

Vietnam's steel production increases despite lower sales

Vietnam's steel production continued to grow in May, but sales volumes declined from April due to the off-peak season, Kallanish notes. According to data from the Vietnam Steel Association (VSA), steel production increased by 3.53% on-month to 2.92 million tonnes in May, seeing an increase of 40% on-year. Sales of steel declined by 8.42% from April but were up 30.8% on-year to 2.48mt. During the same period, steel exports remained positive, rising 18…
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