Vietnam Exports US$1.17 Bln of Steel in Jan-July
Vietnam has exported US$1.17 billion worth of steel products so far this year, the Tuoi Tre newspaper reported, citing Pham Chi Cuong, chairman of the Vietnam Steel Association.
Of the total value, US$720 million comes from export and re-export of steel ingots and hot rolled steel, Cuong added.
In the period, production enterprises exported only 60,000 tons of ingots while re-exported up to 319,000 tons of ingots.
Enterprises also shipped abroad roughly 400,000 tons of hot rolled steel that is used to make steel pipes and galvanized corrugated iron.
Meanwhile, the country is estimated to import 6.42 million tons of iron and steel, valued at US$5.01 billion, in the first seven months this year, up 52.7 per cent in volume and 96.6 per cent in value on-year.
Of the total figure, steel ingot accounts for 1.868 million tons worth US$1.31 billion, an on-year rise of 58.8 per cent in volume and 136.6 per cent in value. (Youth, GSO July 2008)
Vietnamese
