Hoa Phat steel production increased in August thanks to high demand for the civil sector and boosted public investment projects.
Accumulation of 8 months, Hoa Phat reached 3.2 million tons of steel production, of which construction steel finished products over 2.1 million tons, the rest is steel …
Vietnam considers imposing tariffs on imported steel products to protect domestic steel producers. Firstly, steel abroad is relatively cheap. Second, the additional capacity by 2020 could make the oversupply situation worse.
Vietnam is one of the few Asian countries that has not yet established …
According to a report by Hoa Phat Group, one of the steel groups in Vietnam, more than 20,000 tons of rebar steel produced by Dung Quat is planned to export to Canada.
Previously, Hoa Phat's rebar production was limited, making export sales unable to increase.
Dung Quat has been …
According to official statistics from China, total stainless steel production in China this year may reach 30 million tons, up 12.36% over the previous year.
Moreover, the domestic demand for stainless steel this year will total a total of about 25 million tons, an increase of …
Iron ore prices in Dalian in 2019 increased by about 140%. Spot iron ore price reached 93 USD / ton, up 28% compared to 2018.
Data from the China Iron and Steel Association (CISA), the country's iron ore index (CIOPI) reached 331.49 points on December 30, 2019, an increase of 0.16%, …
According to the report, November profits in Chinese industry increased 5.4% from a year earlier, reaching 593.9 billion yuan, the fastest growth rate in the last 8 months, due to sales and manufacturing activities.
In steel industry, oil processing and chemicals, profits recovered in …