Vietnam's construction steel hits highest sales in September-Xinhua

Vietnam's construction steel hits highest sales in September

Source: Xinhua

Editor: huaxia

2023-10-17 17:57:00

HANOI, Oct. 17 (Xinhua) -- Vietnam's construction steel sales reached 958,500 tons in September, the highest since the beginning of this year, according to the Vietnam Steel Association (VSA).

The sales went up 9 percent from August and 4 percent compared to the same period last year.

In September, the construction steel sales of industry leader Hoa Phat saw the biggest volume since the beginning of the year, local newspaper VnExpress reported Tuesday.

Vietnam Steel Corporation (VNSteel) achieved the highest sales output since the beginning of the year in September with over 265,000 tons of steel sold, an increase of 8 percent compared to the previous month and 9 percent over the same period last year.

According to VSA, construction steel sales increased partly thanks to transportation projects such as the North-South expressway, new airport projects and other projects with accelerated progress.

Vietnam sold 7.7 million tons of construction steel in the first nine months of this year, down 20 percent year-on-year.

In spite of the rising price of construction steel, the steel industry is still seeing low demand, said VSA.

After 18 times of price reduction since April this year, steel prices in Vietnam have been steady throughout September and at the lowest level since 2020.