The president of the
Vietnam Steel Association (VSA), Ruan Zhiqiang, has addressed a letter to
Vietnam's prime minister and the relevant government department, suggesting that
iron ore exports from the country should be halted - as reported by Vietnamese media sources.
In the letter, the VSA stated that the
iron ore production capacity of
Vietnam at present is approximately 1.8 million mt. With several blast furnaces currently under construction in the country,
Vietnam's demand for
iron ore is expected to increase in the future.