Steel corp sets goal of higher output

摘要

The Viet Nam Steel Corporation has targeted manufacturing nearly 1.5 million tonnes of billet steel and 2.6 million tonnes of rolled steel this year, up 24.5 per cent and 8 per cent from last year. However, the corporation's general director Le Phu Hung noted that the steel industry will have to undertake greater efforts to achieve those production targets as the forecast is that there will be excess supply compared with demand, as well as increasingly fierce competition from Chinese imports.