New Vietnam Steel Plant Announced
Recently, the steel industry in Vietnam has come under attack for being wasteful and having "backward technology." Electricity of Vietnam (EVN) accused the steel industry of being the main "culprit" behind the electricity shortage in Vietnam. A study found that only three of 18 steel enterprises were competitive with the world energy-consumption average of 1.6-2.4 GJ per ton of steel produced. Nine private enterprises were believed to consume the least energy (less than 3 GJ per ton), while state-owned enterprises all consumed more than 3 GJ.