An industry source said the iron and steel enterprises in Vietnam are struggling to survive inventory piling up, no signs of recovery in the real estate situation. Mr. Nguyen Tin Nghi said, many businesses have not filed for bankruptcy, but the Vietnam Steel Association, vice president of clinical death. Pham Quang Nghi said, unsold stocks were 300,000 tons in 2012, 380,000 tons in its heyday, more than 50% of the normal level of production. According to the Association, steel consumption in February dropped more than 40% of the previous month, forcing many companies to reduce their output in January a fourth level or even stop production. Mr. Pham Quang Nghi said, in the most distressed companies, and also, to build their own brand name, and they can not sell, even at cut-rate prices, he said, the root of the problem is that the real estate market, the major steel consuming countries. Real estate investors, an increase of 17.5% in 2012, an oversupply of inventory of more than USD $ 300 million. The Association is the worst year to encourage members to look overseas, but, either because the Vietnamese steel industry is not like other countries, is not so easy, and therefore not competitive.