Steel consumption expected to rise in 2012
VGP - The growth rate of steel consumption is expected to reach 4% by the end of this year, said the Việt Nam Steel Association.
Slow consumption in 2011 made businesses cut production to avoid overstock. By December 2011, steel output reached 6.44 million tons, down 1.5% against the same period the previous year.
Besides, Việt Nam’s two main steel importers, Japan and China, decreased steel consumption.-VOV