According to the Vietnam Steel Association (VSA), Vietnam's production of construction steel long products totaled 2.31 million in the first half of this year, decreasing by 10.6% year on year.
Also, the country's sales of construction steel long products were at 2.24 million tons in the given period of time, falling by 7.6% year on year.
In June alone, Vietnam's output of construction steel long products decreased by 21.1% from a month earlier to 342,000 tons. The sales of construction steel long products were at 298,000 tons, decreasing by 15.5% from May.
It's analyzed that the country's demand for construction steel long products decreased due to the government's tight credit and monetary policy to depress the high inflation