17:10 | 17/05/2015 Trade
Chinese steel landing in Vietnam in the January-April period has seen a yearly increase of 135.4%, which is in turn having an enormous impact on Vietnamese steel sector, said Nguyen Van Sua, Vice Chairman of the Vietnam Steel Association (VSA).
According to a VSA report, Vietnam imported 292,000 tonnes of steel billets in the first four months of this year, mostly from China. It said that the number is forecasted to increase to a million tonnes.
In a bid to control the import of alloy steel from China, more detailed standards for steel products are required to reduce trade fraud, he added.
Source VOV News