SOURCE: Industrial Info Resources

September 18, 2007 04:28 ET

Vietnam Targets 25 Million Ton Steel Production by 2025, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 18, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- At the end of 2006, Vietnam's steel production industry had a capacity of 6 million tons per annum (TPA), according to the Vietnam Steel Association. At the same time, the government estimated that the industry requires an investment of $12 billion through 2025 to bring production up to 25 million TPA. The country's partial dependence on steel ingot imports has made locally made steel products less competitive when compared with imported products.

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