News Videos
International Edition


May 28, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Vietnam imports 2% more steel in first quarter as consumption rises

HANOI, Viet Nam News--Vietnam's steel import volume experienced a modest year-on-year increase of 2 percent to 2.2 million tonnes, valued at US$1.5 billion, in the first quarter of 2014.

According to latest statistics from the General Department of Customs, in March alone the country spent US$568.3 million in buying 827,000 tonnes of steel from overseas markets, up 4 percent in volume and 9 percent in value compared with the previous month.

Among key import markets were mainland China, Japan, Taiwan and South Korea.

Meanwhile, the Viet Nam Steel Association (VSA) reported that its members consumed 570,000 tonnes in March, representing a month-on-month surge of 60 percent, or a yearly increase of 26.5 percent.

The latest increase has brought local steel consumption volume in three months up to approximately 1.2 million tonnes, being 5.7 percent higher than the same period last year. As a result, the inventory level of the domestic steel industry fell to less than 260,000 tonnes.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search