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20 Apr
04:08

Vietnam's steel production rises in first-quarter

Vietnam's steel production rose year-on-year in the first quarter led by a strong jump in March. The local economy is recovering with a 5.03% GDP growth rate in Q1. Manufacturing drove economic growth, while the construction industry slowed its year-on-year growth, Kallanish notes. In Q1, Vietnam saw 8.46 million tonnes of steel production and 8.14mt of steel sales, up by 3.2% and 11.9% on-year respectively. At the same time, steel imports declined by 18.…
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