Vietnam's steel production grew 4.4% year-on-year to 25.3 million tonnes in 2019, while domestic steel sales grew 6.4% year-on-year, according to the latest report released by the Vietnam Steel Association (VSA). calculated due to the fact that the production of hot-rolled products had a rapid growth.
Excluding performance in the hot rolled steel sector, the overall Vietnamese steel industry expanded by about 2-3%.
Consumption growth in Vietnam has led to an increase in steel production accordingly. In December 2019, steel production in Vietnam was up 6.25% month-on-month and 11.9% year-on-year, which clearly shows the prosperity of the Vietnamese steel industry.
Vietnamese steel production surges in 2019 due to increased HRC production
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