The Vietnamese steel industry is on a path to recovery as indicated by production and sales in November, states Vietnamese Steel Association (VSA).
Total steel output, including that of crude, semi-finished and finished products in the month reached 2.54mn mt, up by 4.34pc from October and 15.6pc from November 2019. Sales in November also stood at 2.45mn mt but were up by 36.88pc from October and by 20.9pc from last November.
In the Jan-Nov period, the output reached 23.33mn mt, up by 1pc from the prior year period. Sales, however, declined by 0.9pc to 21.02mn mt from a year ago. Exports in the period were 4.11mn mt, down by 2.8pc from Jan-Nov 2019.
In the first 10 months, Vietnam exported 7.99mn mt steel worth $4.19bn to over 30 countries and regions around the world. The main export markets were China, Taiwan, the United States and the ASEAN region.