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In 2021, Vietnam spent 11.5 billion dollars importing more than 12.3 million tons of steel and iron, down 7.1 percent in volume but up 42.6 percent in value against 2020, according to its General Statistics Office.

China has introduced a catalogue of recommended energy-saving technologies and equipment to help enterprises improve energy efficiency and reduce costs.

The low-carbon field is now the new frontier for China-Australia cooperation and innovation, so deepening collaboration between the two countries in related areas will prove win-win and also benefit the world, experts and business leaders said on Monday.

Community Union has written to UK prime minister Rishi Sunak urging him to "back Britain's steel industry".

The electric arc furnace (EAF)-based steelmaker announced the price decrease in a letter to customers on 29 November.

North American steelmakers Nucor and ArcelorMittal Dofasco have joined others in raising sheet prices.

German automakers Mercedes-Benz and BMW sign up to use eco-friendly materials.

Despite this, the industrial structure of profits continue to improve, with the equipment manufacturing industry registering a rebound in profits for six consecutive months.