Jan.-Oct. 2009 Vietnam steel yield up by 18.7% y-o-y

Published: 02 Nov 2009 23:55:42 PST

Nov. 3 MetalBiz--It is reported on October 29 that in October this year, Vietnam produced around 390,200 tons of steel products, up by 1.5% month on month, up by 20% year on year. In the first ten months this year, its steel production was around 37.84mln tons, growing by 18.7% on an annual basis.

According to the report, in October, the price in Vietnam market fiercely fluctuated. In the beginning of October, Vietnam domestic steel price was VND12mln-13mln (equal to around US $666-733), while steel from Malaysia, Thailand and Indonesia as well as other ASEAN's countries was lower VND300,000-700,000 (about US $16-38). From October 19, Vietnam Steel Corp. adjusted down the price, and then the wire rod price was VND11.27-11.42 (around US $626-634), the debar price for VND11.79 (about US $655).