Steel industry grew strongly in early 2015

In the first quarter of 2015, the vibrant real estate market returned to the growth of the steel industry. Steel products in the quarter grew "top" over the same period in 2014. STEEL STRONG STRONG GROWTH IN THE FIRST TIME OF 2015 Wednesday, 15/04/2015 09:14:51 In the first quarter of 2015, the vibrant real estate market returned to the growth of the steel industry. Steel products in the quarter grew "top" over the same period in 2014.

According to Vice Chairman of Vietnam Steel Association (VSA) Nguyen Van Sang, in the first quarter of 2015, VSA steel production reached 1,272,557 tons, up 17.7% over the quarter. I / 2014. Construction steel consumption in the first quarter of 2015 reached 1,293,792 tons, up 10.5% compared with the first quarter of 2014. Notably, in March, construction steel consumption reached 651,633 tons. This is the highest level ever recorded in a month. "The growth rate is quite thanks to the general growth market, steel construction also grows" - said Nguyen Van Sang. Although the steel market is selling well but mainly consumed in the country, the export is too modest. Total steel exports reached 92,000 tons, up 11% compared with the first quarter of 2014 and reached about 8% of total steel consumption.

According to many economists, in the time to come, when the free trade agreements are widely implemented, there will be certain impacts on the steel market in the country. Therefore, businesses as well as VSA and related ministries should be prepared to respond, especially strengthening the quality management of steel imports into Vietnam. In addition, take the initiative to take legitimate trade defense measures, protect products in the country. In addition, most domestic steel companies have small scale, experience, technology, human resources are limited. Therefore, enterprises need to innovate technology, improve governance, competitiveness in the context of deepening integration. Regarding imported steel, on March 31, 2015, during a meeting between the Association of Iron and Steel Associations in Southeast Asia and the China Iron and Steel Association in Shanghai, ASEAN members requested China to abolish all The type of steel products containing boron are not covered by the tax refund as before. The Chinese have noted and promised, in the coming time will not refund the above mentioned bovine steel products. Prior to that, the Chinese government officially denied tax refund support for steel boron in the form of trees and wire. Therefore, these two products imported into Vietnam will be higher.

(According to Industry and Trade Newspaper)