Cement and steel consumption could rise 8 to 10 percent in the firsthalf of 2014 against the same period last year, after declining in thepast few years.
Chairman of the Vietnam Cement Association,Nguyen Quang Cung said that cement consumption in the first six monthswas nearly 33 million tonnes, up roughly 10 percent year on year.
Cementconsumption, both in the domestic and export markets to date this year,have rebounded to register stable growth similar to 2010 after threeyears of decline, Cung said.
Cung forecast that price and sale ofcement in the second half of the year will be continuously stable,helping the cement industry register sales of between 65 to 70 milliontonnes, up roughly 9 percent against last year. Of the total, domesticconsumption will make up roughly 49-50 million tonnes.
Currently,the country's total cement output is more than 70 million tonnes, andfully meets domestic and export demands this year, the association said.
Thesteel industry has shown the same trend, with consumption in the firsthalf of this year estimated to reach nearly 2.5 million tonnes, up 8percent against the same period last year.
Vice Chairman of theVietnam Steel Association (VSA), Nguyen Van Sua said that afterincluding other steel products such as steel and iron sheets and steelpipes, the steel industry's consumption in the reviewed period was morethan 5 million tonnes, up 12 percent year on year.
Steel production in June alone was roughly 445,000 tonnes while consumption was roughly 411,000 tonnes.
The steel price in June was estimated to rise roughly 5 percent against last month due to a rise in transport fees.
InJune, Pomina and Vina Kyoei steel producers increased their ex-factorysteel prices by 100,000 VND (4.69 USD) per tonne to 13-13.1 million VND(610.3-615 USD). The retail steel price was 15.5-16 million VND(727.7-751.17 USD) per tonne.
It was forecast that steelconsumption this year, both in domestic and export markets, will beroughly 12 million tonnes, up 5 to 7 percent against last year.
However,supply in the steel industry still exceeds demand, causing steel plantsto run approximately 40-60 percent of its designated output, accordingto the VSA.-VNA
Chairman of the Vietnam Cement Association,Nguyen Quang Cung said that cement consumption in the first six monthswas nearly 33 million tonnes, up roughly 10 percent year on year.
Cementconsumption, both in the domestic and export markets to date this year,have rebounded to register stable growth similar to 2010 after threeyears of decline, Cung said.
Cung forecast that price and sale ofcement in the second half of the year will be continuously stable,helping the cement industry register sales of between 65 to 70 milliontonnes, up roughly 9 percent against last year. Of the total, domesticconsumption will make up roughly 49-50 million tonnes.
Currently,the country's total cement output is more than 70 million tonnes, andfully meets domestic and export demands this year, the association said.
Thesteel industry has shown the same trend, with consumption in the firsthalf of this year estimated to reach nearly 2.5 million tonnes, up 8percent against the same period last year.
Vice Chairman of theVietnam Steel Association (VSA), Nguyen Van Sua said that afterincluding other steel products such as steel and iron sheets and steelpipes, the steel industry's consumption in the reviewed period was morethan 5 million tonnes, up 12 percent year on year.
Steel production in June alone was roughly 445,000 tonnes while consumption was roughly 411,000 tonnes.
The steel price in June was estimated to rise roughly 5 percent against last month due to a rise in transport fees.
InJune, Pomina and Vina Kyoei steel producers increased their ex-factorysteel prices by 100,000 VND (4.69 USD) per tonne to 13-13.1 million VND(610.3-615 USD). The retail steel price was 15.5-16 million VND(727.7-751.17 USD) per tonne.
It was forecast that steelconsumption this year, both in domestic and export markets, will beroughly 12 million tonnes, up 5 to 7 percent against last year.
However,supply in the steel industry still exceeds demand, causing steel plantsto run approximately 40-60 percent of its designated output, accordingto the VSA.-VNA
