This is why the VSA has encouraged enterprises to boost investment in quality steel production to grasp this opportunity and increase competitiveness compared to similar products in the region.
For example, steel producer Pomina has equipped itself with European steelmaking technology and switched to electric furnaces. The company's new one-million-ton steel furnace is now running at 100% capacity.
According to this enterprise, the sales volume of construction steel in the domestic market and in fastidious export markets such as the US, Canada, and ASEAN increased by more than 10% over the same period.
