In recent months, some steel companies in the country have importedsteel billets for steel production, but then re-exported thembecause they have faced the weaker domestic steel demand.
Vietnam imported over 6.4 million tons of steel billets andfinished products totaling 5 billion U.S. dollars, mainly fromChina, South Korea, Malaysia, the Philippines and Singapore in thefirst seven months of this year, posting respective year-on-yearrises of 52.7 percent and 96.6 percent, according to the country'sGeneral Statistics Office.
Vietnam imported nearly 1.9 million tons of steel billets, keymaterial for steel production, worth 1.3 billion dollars betweenJanuary and July, up 58.8 percent and 136.6 percent, respectively,against the same period last year.
(c) 2008 Xinhua News Agency - CEIS. Provided by ProQuestInformation and Learning. All rights Reserved.
Source: Xinhua News Agency - CEIS
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