Vietnam Steel Association (VSA) has announced the positive results of Vietnamese steel industry in 2016 recently. Moreover, they were keeping optimistic about this year's prospect of steel industry.
According to the statistic showed in 2016, the country's steel production was 17.5 million tons, up by 16.8% compared with the same period of 2015; the steel sales volume was 15.3 million tons, up by 23.7% compared with the same period of 2016.
Meanwhile, the VSA expected the steel production will grow further in 2017 to reach at 19.6 million tons; it will rise by 12% compared with the volume of 2016. It was attributed to the construction industry, infrastructure and real estate market for stimulating the demand rising of domestic steel market.
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