A steel production line of VINA KYOEI Steel Limited Company in
Phú Mỹ 1 Industrial Zone in Bà Rịa - Vũng Tàu Province. - VNA/VNS Photo
HÀ NỘI - Việt Nam’s steel industry plans to produce 5.5
million tonnes of crude steel and 5.8 million tonnes of rolled steel this
year, according to the Ministry of Industry and Trade.
figures represent a year-on-year increases of 16.6 per cent and 18 per cent
output of 11.3 million tonnes will fully meet domestic demand, especially for
steel ingots, steel beams and cold-rolled steel, the ministry said.
the Việt Nam Steel Association (VSA) said production would continue to grow,
but at a slower pace than in 2016.The total steel output for this year is estimated
to increase 12 per cent year-on-year to reach 19.6 million tonnes.
the ministry will use trade barriers to ensure fair competition with steel imports
and also follow closely the impact of such measures on domestic production
has directed steel enterprises to upgrade production technologies and save
production costs to become more competitive. They should also have flexible
monthly and quarterly plans to build a distribution network and promote their
Hồ Nghĩa Dũng said the association will continue to propose development
policies for the steel industry. It will also monitor the market for raw
materials and semi-processed products that have a direct impact on the
domestic market, including iron ore, scrap steel, steel ingots and hot-rolled
steel in order to provide timely information to local enterprises, he said.
steel industry turned out 17.5 million tonnes of steel last year, up 16.8 per
cent from 2015, according to the
This included 5.1
million tonnes of crude steel and 5.3 million tonnes of rolled steel, ayear-on-year growth of 20.5 per cent and 26.8 per cent,
15.3 million tonnes of the annual output was sold, representing an annual
increase of 23.7 per cent, the association said.
Dũng was quoted by thebnews.vn. website as saying the growth in
construction steel, which makes up about 50 per cent of the total steel
products, was a highlight of 2016.
million tonnes of building beams were produced last year, an increase of 18.3
per cent year-on-year, and sales of the product also jumped 20.6 per
cent to 8.4 million tonnes.
exported US$2.4 billion worth of goods last year, but imports soared to $9.1
billion. Due to uneven development within the sector, Việt Nam has to import
large volumes of raw material and semi-processed products to serve
production, the VSA said.
imported more than 1.8 million tonnes of pre-painted galvanised iron, as well
as 8.1 million tonnes of alloy steel. Despite having spare production, the
country still imported more than 1.1 million tonnes of steel ingots last
year, or 12.6 percent of what was available in the market. – VNS