The domestic steel industry is still not running at its full capacity, due to low domestic demand. However, for steel pile, galvanised steel and cold-rolled steel, domestic consumption is good and so are the export numbers. Given that the domestic steel industry still fails to run at its full capacity and imports offer heavy competition, do we really need to invest in steel production? The steel industry is faced with inventories at the moment, but the inventories are of several kinds of steel products, while many types are in a shortage. For products that Việt Nam’s steel production can meet the local demand, imports should be limited to encourage local production.

Source: Viet Nam News September 15, 2016 03:45 UTC