9,765.12 TRY BIST 100 BIST 100
35.13 USD USD USD
36.48 EUR EUR EUR
4.84 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
43.50 TRY Interest Interest
72.45 USD Fossil Oil Fossil Oil
29.03 USD Silver Silver
4.09 USD Copper Copper
100.71 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,600.46 TRY Gold (gr) Gold (gr)

Vietnam's steel industry records strong growth in production and sales

As reported by the Vietnam Steel Association (VSA), Vietnam's finished steel output reached 2.45 million mt in November this year, a significant increase of 2.8 per cent from the previous month and 34.3 per cent from November 2022.

Vietnam's steel industry records strong growth in production and sales

At the same time, sales of steel products in the country reached 2.53 million mt, up 13.1 per cent from October and a significant 30.1 per cent y-o-y increase.

In the January-November period, Vietnam's steel output decreased by 7.8 per cent to 25.01 million mt. Similarly, the country's steel sales in this period totalled 23.70 million mt, down 5.6% from the first nine months of the previous year.

In October, Vietnam's finished steel imports reached 1.28 million mt, down 8.94 per cent from the previous month but up a significant 53.96 per cent y-o-y. The country's imports of finished steel products in the first 10 months reached about 10.61 million mt, up 8.61 per cent y-o-y.

In the same month, Vietnam's exports of finished steel reached 908,000 mt, up 5.06 per cent on month and an impressive 71.47 per cent on year. In the January-October period, Vietnam's processed steel exports totalled 9.14 million mt, up a significant 30.74 per cent y-o-y.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Dofer Yapı expands Karabük factory: Receives 31.6 million TL investment incentive certificate

Sunday, December 22, 2024

Europe's crude steel production increased

Wednesday, December 18, 2024

Kardemir's 'Power Plant' has been commissioned

Sunday, December 22, 2024

Hasçelik becomes the leader in cold bar exports in 2023

Sunday, December 22, 2024

European car sales decreased by 2% in november

Sunday, December 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now