Steel consumption expected to rise in 2012
VGP - The growth rate of steel consumption is expected to reach 4% by the end of this year, said the Việt Nam Steel Association.
January 27, 2012 6:15 AM GMT+7
The prediction is based on the fact that steel consumption in 2011 fell by 10% compared to the previous year, due to a series of difficulties.
Slow consumption in 2011 made businesses cut production to avoid overstock. By December 2011, steel output reached 6.44 million tons, down 1.5% against the same period the previous year.
Besides, Việt Nam’s two main steel importers, Japan and China, decreased steel consumption.-VOV
