Vietnam steel posted a strong growth of 21.54% in 2015 to reach 12.42 million tons in term of volume. The demand of steel in Vietnam is expected to increase in 2016 thanks to strong economic activities as well as recovering construction and real estate. According to StoxPlus, the steel industry is forecasted to grow at 15% compared to the year 2015. Particularly, growth of steel segments are as follows: billets ~ 10%, construction steel ~ 15%, steel sheet ~ 13%, pipe ~ 18% and galvanized steel ~ 15%.
Tags: Vietnam Steel Industry, Steel Industry, Vietnam Steel, Vietnam Industry, Industry Factsheet, Vietnam Construction, Vietnam Construction Materials