The hottest Vietnamese steel backlog is nearly one

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Vietnam has a backlog of nearly one million tons of steel

the production capacity of Vietnam's domestic steel enterprises has reached 17 million tons/year, showing a batch of new property developed at a high speed, while the market demand in 2012 was only 10.5 million tons. Since the beginning of this year, due to the government's compression of investment, the demand for steel in Vietnam will continue to grow compared with the demand for building materials in China, so it will decrease by 10% in the same period of this year. Manufacturers and sellers have a backlog of nearly one million tons of all kinds of steel, and the price is still higher than the trapezoidal lead screw. At present, there is no sign of improvement in market demand, and steel prices will stabilize at a low level

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