According to forecasts of the Ministry of Industry and Trade, finished steel production in 2024 could reach 30 million tons.

The Vietnamese steel market is a lucrative piece of cake that many businesses compete for, with many new forces emerging.

Though local steelmaker Hoa Phat Group ramped up production in April, with raw steel output rising 19% month-on-month to 525,000 tons

The steel market is likely to recover in the third and fourth quarters of this year thanks to augmented efforts to disburse

Steel production and consumption in the first eleven months of 2022 fell 11.3 percent and 6.8 percent, respectively, year-on-year.