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Stagnated construction leads to large steel inventories

The COVID-19 pandemic has led to many construction and real estate projects being delayed, resulting in large inventories of construction materials, especially steel.
The Viet Nam Steel Association (VSA) said the steel industry hadrecorded negative growth in domestic production andconsumption since the beginning of the year.The Viet Nam Steel Corporation (VNSteel) announced that itsconsolidated profit after tax had decreased by about 80 per centcompared to the same period last year.Many other companies have


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