Exports are leading Vietnam’s steel sales rebound in 2021. Fiscal stimulus around the world to counteract the negative economic impacts of COVID-19 are the key driver of the global surge in demand for steel products. Vietnam’s construction steel export sales recorded 29% YoY growth by volume in 5M 2021 while domestic sales grew 12% YoY. Also, total galvanized steel sheet and steel pipe export sales surged 118% YoY, while domestic sales only grew 9% YoY. Government spending to support the gradual