Vietnam Ministry of Price administration said in January this year, Vietnam steel production and sales were both down.
Among them, Vietnam steel production was about 575,000 tons, down by 5,000 tons month on month; those for sales amounted to 540,000 tons, down by 12,000 tons month on month.
Meanwhile, Vietnam steel prices fell by US10/ton compared to last December, the reason is the large quantity of imports steel with cheaper prices into Vietnam market, which leads to Vietnam's domestic steel overcapacity and prices decline further.
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- [Editor:Chen Zhen Seng]
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