Vietnam's local steel prices not to increase
Wednesday, 24 August 2005 15:23:41 (GMT+3)
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Vietnam’s local steel prices not to increase
Vietnam's domestic steel manufacturers and traders are not planning to increase prices due to weak demand.
The Vietnam Steel Association indicates that domestic stockpiles of steel and steel ingots are very high at present. The association estimates that current inventory levels are around 250'000 tons for steel and 220'000 tons for steel ingot.
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