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Vietnamese steel maker Hoa Phat Group achieved a steel sale of 695,000 tonnes in May 2021.

American Iron & Steel Institute announced that in the week ending on June 5, 2021, US’s domestic raw steel production was 1,840,000 net tons.

It can recycle 350,000 tons of waste iron and steel per year.

Forging ahead toward a greener future, China is ever more committed to transforming the steel industry into a low carbon-emitting one amid its long-term green pledges.

The main reason for the high steel prices in Vietnam is that raw material import prices have risen too fast

China Internet of Things: rising prices drive increased steel supply

The Ministry of Industry and Trade (MoIT) has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses.

Vietnam’s largest steelmaker, the Hoa Phat Group, sold a total of 3.7 million tonnes of steel products in the first five months of this year, up nearly 70 percent against the same period last year.