Steel industry news

The Trade Remedies Administration recommends that associations and enterprises exporting related products need to learn about Canada's review regulations to develop an appropriate appeal plan.

After many months of decline over the same period, construction steel exports in December 2022 reached 123,316 tons, up 26.5% over the same period in 2021.

S&P Global Commodity Insights predicts that in 2023, China is likely to find ways to squeeze domestic steel production but still invest in capacity in ASEAN countries to maintain its position as a giant steel industry.

After the success in producing coiled steel for car tires, Hoa Phat Dung Quat Steel has recently continued to test and successfully produce rebar for coiling.

In the context that China's construction sector is still facing difficulties, while the US and Europe are likely to fall into recession, India is gradually becoming a "savior" to help boost global steel demand. bridge.

On December 14 and 15, Hoa Sen Group and Formosa Ha Tinh increased prices of hot rolled coil (HRC) products.

Accumulated in the first 11 months of the year, Hoa Phat sold 6.6 million tons of steel, down 7% over the same period last year, mainly because there were no orders to export steel billets.

The iron ore market is choosing to focus on China's efforts to stimulate the country's real estate sector.

With the forecast that the global steel demand will decrease, the demand is weaker and the oversupply is high in the domestic market, the "big man" of the steel industry Hoa Phat focuses on developing and actively producing domestically.

Iron ore futures prices rose on Monday to their highest in more than a month, as China's top steelmaker announced it would continue to tweak COVID-19 containment rules and introduce support measures. for the real estate sector is struggling in the country.