The number of under-way property projects showed growth in the North and recovery in the South. That would help demand for construction materials recover in the coming quarters.
The freezing of the Chinese real estate market, falling prices of rebars in China, Viet Nam’s EVN raising electricity prices, and the State Bank lowering interest rates for the third time will all impact the resilience of businesses in the...
Domestic steel demand is expected to keep falling due to the property market slump and tightened monetary policy, economic downturn in many export markets and a rise in supply making the outlook for the industry in 2023 poor, analysts said.
