Vietnam posts rise in steel imports
Vietnam imported more than 1.6 million tons of finished steel products during the first six months of the year, up 18 percent year on year, according to data released by Vietnam's Ministry of Trade.
The ministry indicates that most of the imports came from
China,
Russia,
Ukraine and
Malaysia.
On the domestic front, Vietnam's steel
production totaled 1.7 million tons for the first six months, an increase of 19.5 percent year on year.
Furthermore, the country's monthly
construction steel
consumption is expected to be 750'000 tons during the third quarter of 2005.