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Vietnamese Steel Makers Record Huge Jump in Profits in H1 of 2021 Vietnamese steel producers have posted strong results in the second quarter of this year, supported by high steel prices. Strong 03 Aug, 2021, 4:09 am Vietnamese steel producers have posted strong results in the second quarter of this year, supported by high steel prices. Strong construction activities during the first six months of the year also boosted steel product sales. According to Viet Nam Steel Association, construction steel prices rose nearly 9.3% for the year to VND 16,500 per kg in July, which was up 50% over the same period last year. And even though high steel prices provide significant benefits for steel producers in the short term, it also creates economic pressure on many downstream industries including construction, machinery manufacturing, real estate and public investment. Higher construction steel prices have caused many small construction constructors to go bankrupt and even big co ....
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