Vietnamese steel giant Hoa Phat Group reported that weakening demand has led to sluggish sales of its products since early this year.

Despite the pandemic, the steel industry still posted a rise of 11.3 per cent in steel export to reach US$5 billion with a volume of 4.4 mil

Domestic steel prices adjusted down. Domestic consumption in the month decreased compared to Oct.

Sales in the month of VSA members also prospered thanks to a strong increase in domestic consumption (>30%) compared to the previous month