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Steel imports top US$2 billion

Update: May, 06/2013 - 09:00

HA NOI (VNS)— Viet Nam's steel industry saw imports of more than US$2 billion in the first four months of this year.

An imbalance in the steel industry's development strategy led to an increase in the import of high-value steel, while the domestic supply mostly included popular products, according to the Viet Nam Steel Association (VSA).

Steel export earnings in the past four months were estimated at $500 million. — VNS

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