The implementation of many large projects after the social distancing period and disbursement of public investment for infrastructure until the end of this year are expected to support growth in construction steel consumption.
Steel production and consumption showed strong growth in the first four months of this year owing to favourable weather, said Nguyen Van Sua, deputy chairman of the Viet Nam Steel Association.
Domestic steel consumption in the first seven months of 2017 rose 14.5 per cent from the same period last year to 5.14 million tonnes, the Viet Nam Steel Association (VSA) said.
Domestic steel consumption recorded a modest year-on-year rise of 2.7 per cent in April to some five million tonnes, according to the Viet Nam Steel Association (VSA).
The steel consumption of Vietnamese factories has remained low in the
first eight months of 2014 and was mainly for buildings under
construction, said the Ministry of Industry and Trade.
Cement and steel consumption could rise 8 to 10 per cent in the first
half of 2014 against the same period last year, after declining in the
past few years.
The country''s energy sector witnessed a relatively high growth rate in
the initial two months of 2014 compared to the same period last year,
stated the Ministry of Industry and Trade.