Vietnam steel imports 5.4 million tons before July

Vietnam, "Economic Times" reported on August 7, the Ministry of Trade and Industry that the more, the more the domestic steel industry oversupply, especially the influx of cheap Chinese steel industry production slump. The first seven months of this year, crude steel production of about 1.55 million tons, down 13.6%; rolling nearly 160 million tons, up 24.5 percent; angles, nearly 2 million tons, an increase of 8.4%. June the price per tonne of steel by region and brand differentiation decreased 10-25 shield. 7 months ago, the country exported only 1.2 million tons of steel, worth $ 1 billion; steel imports 5.4 million tons, and imports $ 4,000,000,000, an increase of 10.5%; deficit of nearly $ 3 billion.

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