Vietnam has drawn up long-term plans for production of pig iron
and sponge as well as steel billet with a view to building and
developing a strong national steel industry.
The country is
targeting annual output of 6 million tonnes of pig iron and
sponge and 12 million tonnes of billet by 2015, Trinh Dinh
Thang, deputy director-general of international cooperation at
Vietnams Ministry of Industry and Trade, said during a
presentation at a meeting of the Organization for Economic
Cooperation and Development steel committee in Paris.
The projected billet
output would more than double Vietnams production of 5.3
million tonnes last year.
The longer-term plan
is to raise annual production of pig iron and sponge to 17
million tonnes by 2020 and 28 million tonnes by 2025, and
billet production to 25 million tonnes by 2020 and 40 million
tonnes by 2025, Thang said.
Further down the line,
the country is aiming not just to produce enough billet to meet
domestic demand but also to be in a position to export the
semi-finished product, the Vietnam Steel Association has said
A version of this article was first published by AMM sister
publication Steel First.