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HA NOI (Biz Hub) — The Viet Nam Steel Association (VSA) has reported that steel consumption in July was 380,000 tonnes, an increase of 1 per cent against last month.
In July, steel plants churned out only 400,000 tonnes, which was lower than the designed output due to low demand.
The Vice President of VSA, Nguyen Van Sua said that steel consumption could decrease in August due to the rainy season.
VSA forecast that the steel industry will increase business by 10 per cent this year. — VNS