Vietnamese mills revise production levels
Vietnamese mills announced that they will revise
production levels next month due to the expectation of an upward trend in
construction sector's demand.
Mills have diminished their output around 30% since July in relation with rainy season which slowed down
construction sector. This decision is also taken upon the higher inventories. The stock levels increased to 200'000 tons against demand of 180'000 ton in August.
In addition, domestic prices of
construction sector's steel products decreased below imported products.