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China accounts for 60 pct of Vietnam's imported steel in 2016

Add Time:2016-07-10 21:43:00 Clicks:
Xinhua reported that according to Vietnam Steel Association, imported steel from China has accounted for some 60 percent of Vietnam's total imported steel so far in 2016. Statistics by VSA showed that, so far this year, Vietnam imported over 9.6 million tonnes of all kinds of steel worth around USD 3.42 billion.

The figures post a year-on-year increase of 48 percent in volume and 1 percent in value, local Vietnam Economic Times quoted the VSA as saying.

VSA vice chairman Nguyen Van Sua said despite growth in domestic steel production and trading over the past time, Vietnam remains a big importer of steel.

In 2015, Vietnam imported some 18.7 million 
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