Vietnam to build more steel plants

Nine more steel-making plants in Vung Tau, Binh Duong and Da Nang will be up and running by this year’s end, the Vietnam Steel Association (VSA) has said.

VSA said the total capacity of these plants would reach 2 million tons of construction steel and 1 million ton of rough draft steel per year.

Up until this April, total production capacity of all steel plants in Vietnam was 8.99 million tons per year, while total consumption was only 6.32 million tons per year.

Steel consumption accounts for only 50 to 60 percent of total production capacity, so there seems to be no shortage of steel in the local market. – Tuoitre

Tags: Vietnam steel, Vietnam steel industry

Posted by VBN on May 26 2011. Filed under Steel. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry