Psychology wants consolidation after the decision provisional safeguard duties of the Ministry of Industry and Trade (7-3) also causes steel consumption pushed to record highs.
Mr. Nguyen Van Sua - vice president VN Steel Association (VSA) - said that according to preliminary statistics, steel consumption is estimated at 763 000 in March tons, the highest in the history of the steel industry, rose 66% on month and up 15% over the same period last year.
According to him milk, in addition to starting the season building, wants consolidation after sentiment decision to impose provisional safeguard duty of the Ministry of Industry and Trade (7-3) also causes steel consumption pushing record highs .
Despite strong steel consumption but by the end of March, according to VSA, steel inventory still about 325,000 tons. The market will be more supply of 1 million tons of steel from a series of new projects are put into operation this year. "This shows that businesses can fully meet the needs of the market, dealers, distributors do not have to worry about inventory space steel hug" - he stressed Sua.