According to the market price newspaper recently reported: Vietnam Ministry of industry and trade said that although global and domestic steel prices fell, but the market's purchasing power is still weak. Meanwhile, imported steel from abroad continues to rise, especially low steel prices in China, the end of the steel consumption would not increase.
Chinese steel price advantage, in the Vietnam market are strong, especially in rural areas, and private projects are very popular, huge pressure on the domestic steel producers. In October, the steel output of 553,000 tons, down 5.5%. The first 10 months, production was 4.97 million tons, an increase of 1.2%.