Vietnam steel continues to face difficulties in 2015

The Vietnam steel in 2015 is expected to continue to face difficulties, because supply exceeds demand, at the same time facing the fierce competition in the Chinese and Russian products. Some steel mills says Vietnam Vietnam – and white customs union free-trade agreements (VCUFTA) took effect, the imported steel tariffs by Russia, enterprise management will be more difficult.

Reported that November 1, 2014, Vietnam import about 10.52 million tons of steel, up 21.1% from a year earlier. Vietnam steel association said, at present, Vietnam’s domestic steel mills production capacity of about 22 million tons, has been able to meet the domestic demand.