At present, Vietnam, the country of about 30 large steel companies and more than 100 small and medium-sized steel enterprises. Since last year, the Vietnamese steel producers face many difficulties. The international front, iron ore, coke, billets and scrap international market prices rose year-on-year increase of 20-30%, increase in production costs.
 
The domestic front, the government tightened the money supply, compression of public investment, control of real estate investment in a substantial reduction in demand for steel. As of July this year, industry-wide billet inventory backlog of 590,000 tons, and many companies were forced to cut or even stop, about 20 percent of enterprises facing bankruptcy.



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