Steel sector requests Gov’t help as it faces another difficult year
The steel sector has sought Government support to overcome the challenges it expects to encounter this year, owing to supply exceeding demand and the growing pressure exerted by steel imports.According to the Viet Nam Steel Association, the total production capacity of the steel sector is estimated to touch 22 million tonnes, nearly double the consumption demand.
Meanwhile, Viet Nam has been unable to produce different kinds of steel and mostly relies on imports.
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