Steel – Sector Brief – October Steel Production
This monthly report on Vietnam steel production is intended to track the developments in the steel market. Oct 2021 Vietnam steel production increased 17.9% mom to 2.65mn tonnes, bringing 10M21 growth to 22.8% yoy (25.6mn tonnes). During Oct 21, we observe that the local demand revived strongly (+41.5% mom). Export saw the decline of 14.4% mom from high-base in September.