Vietnam in July and August sales of long products reached 531,000 tons and 487,000 tons, far exceeded the 38-40 million tons of moving averages. VSA expressed increased sales in July and August may contain artificial speculative and do not represent the real needs of the market, billets and scrap prices declined in September, sales and prices both dropped significantly. VSA on the long products production and marketing situation remained optimistic that the second half of the stocks will show a downward trend.
announcedthe Vietnam Steel Association (VSA) data show that in September Vietnamese architectural long steel sales down 5.7% year on year, down 44.3 percent to 271,000 tons.
Also in September, Vietnam long steel production increased by 8.21 percent, down by 16.6 percent to 394,000 tons. 1-9 months of this yearWorld Steel Pipe , sales of long products in Vietnam to 3.45 million tons, up by 15.1%; production of 3.55 million tons, up by 16.1%.
the VSA, many construction projects in Vietnam will use the remainder of this year's annual progress of objectives, expected in November and the construction industry to become more active, which will drive steel demand and increased sales World steel pipe network editing .